DENVER, Colorado; ATLANTA, Georgia—HREC Funding Advisors launched that it organized the sale of the 101-room Hampton Inn & Suites Prattville, located in Prattville, Alabama. Story Lane Partners and ARK Holdings acquired the property in a three contrivance partnership for an undisclosed sum from Williams Accommodations.
HREC Funding Advisors solely represented Williams Accommodations on this transaction. The marketing and negotiations had been led by Michael Salloway (senior vice president), Tom Huegel (senior vice president), and Monty Levy (managing director and Alabama broker of file), all located in HREC’s Atlanta place of work.
“This became once a extraordinarily intriguing transaction because it represents the turning of a contemporary page for every the client and seller. The Hampton Inn & Suites Prattville is the first property acquired for Story Lane’s portfolio, and this became once the seller’s final hospitality property. I desire them every primarily the simplest of luck in their next chapters,” expressed Salloway.
Resort guests are inner walking distance of a quantity of eating spots and browsing stores, including Bass Dependable Shops. The hotel is additionally a instant power from the Capitol Hill Golf Direction, section of the Robert Trent Jones Golf Rush, and Maxwell Air Pressure Unfriendly.
“The Hampton Inn & Suites Prattville is the ideal acquisition for Story Lane Partners,” talked about Bhavnesh Vivek, managing accomplice with Story Lane Partners. “We are actively attempting to win neatly-branded hotels in secondary and tertiary markets with more than one query generators with upside doubtless we are assured we are able to release via property enhancements, moreover the installation of our proprietary administration and marketing programs. The HREC workers became once a pleasure to work with, providing the answers and strategies we wanted in a timely and decent manner.”
