HREC arranges sale of N.C. Courtyard

HREC Investment Advisors arranged the sale of the 146-room Courtyard by Marriott located in Durham, N.C. The buyer plans to renovate the asset.

Monty Levy (SVP – Atlanta) and Scott Stephens (COO & senior principal – Tampa) exclusively represented the seller during the transaction.

“This was our first disposition engagement with the seller and we are very pleased with the results we were able to achieve on their behalf,” Stephens said.

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The Courtyard is located off of Interstate 85, with visibility from the interstate. The Hotel is located near several of Durham’s demand generators, including Duke University, Duke Medical Center, Triangle Park and numerous local attractions.