Florida Property Purchased By Apple Hospitality REIT
ATLANTA, GA—Hunter Realty Associates, Inc., a leading national hotel investment services firm, represented and advised the seller in the recent sale of the SpringHill Suites (photo above) in Sanford, Fla.
ATLANTA, GA—Hunter Realty Associates, Inc., a leading national hotel investment services firm, represented and advised the seller in the recent sale of the SpringHill Suites (photo above) in Sanford, Fla.
The 105-suite property was purchased by Apple Hospitality REIT and will retain the Marriott flag. Bob Hunter, (top left photo) president of Hunter Realty, and Lee Hunter, (top right photo) executive vice president, brokered the transaction.“The Sanford SpringHill Suites attracted a good deal of interest, with Sanford’s proximity to Orlando and the appeal of its Marriott-affiliated brand,” Lee Hunter said.
“Despite current market uncertainties, the transaction went smoothly and our client received great value for this asset. We expect well-located and well-branded properties of this caliber to continue to d
o well in 2008 and that there will be plenty of good opportunities for experienced buyers and sellers.”
o well in 2008 and that there will be plenty of good opportunities for experienced buyers and sellers.” Located at 201 North Towne Road in Sanford, between Daytona Beach and Orlando, the SpringHill Suites Orlando North/Sanford features an outdoor pool and Jacuzzi, meeting space for up to 90 people and boardroom seating for 14.
About Hunter Realty Associates, Inc.
Hunter Realty Associates, Inc., a leading national hotel investment services firm, is uniquely positioned to provide investment asset advice to hotel investors and hotel companies. The firm’s vast network of industry contacts and relationships is a result of Hunter Realty’s 30- year history of exceptional service to the hotel investment community.
Hunter founded and organizes the Hotel Investment Conference, an annual gathering of the top hotel executives for an important summit on current trends affecting the industry. Providing a boutique, client- oriented focus, Hunter services span the spectrum of industry transactions from single asset investment sales to strategic portfolio dispositions and acquisitions.
CONTACT:
CONTACT:
Melanie Boyer
Account Executive
Daly Gray Public Relations
(703) 435-6293
Account Executive
Daly Gray Public Relations
(703) 435-6293
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