CBRE Hotels Sells Econo Lodge Kissimmee for $1.7M

KISSIMMEE, FL – Jan. 14, 2009 – CBRE Hotels, the hotel/resort specialty practice within CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to announce the sale of Econo Lodge Kissimmee, (top right photo) located at 2934 Polynesian Isles Blvd. in Kissimmee, Fla., for $1,700,000.

Robert Taylor, (top left photo) senior vice president, and Lisa Zaranek, (middle right photo) associate, teamed with Richard Langhorne, first vice president, and Oren Cytrynbaum, associate, of CBRE's Restructuring Services practice group to represent the seller, a hedge fund based in Greenwich, Conn.

DSS Investments, LLC, based in Tampa, Fla., was the buyer in the transaction.

Built in 1991, Econo Lodge Kissimmee is comprised of two three-story buildings encompassing 94 units on 2.85 acres. Located close to Highway 192, the property offers easy access to Walt Disney World as well as Interstate 4.

CBRE Hotels has sold 61 hotel assets throughout Florida over the past 10 years.

For more information about Robert Taylor, please visit www.cbre.com/robert.taylor

For more information about Lisa Zaranek, please visit www.cbre.com/lisa.zaranek
CONTACT: Rebecca Thomas, 305.381.6485, rebecca.thomas@cbre.com