ATLANTA, GA, March 7, 2012—Officials at Hunter Realty today announced that it represented the buyer, Summit Hotel Properties, in the acquisition of the 130-room Hilton Garden Inn – Liberty Park (Birmingham, AL) (lower right photo) and the 95-room Hilton Garden Inn – Lakeshore Drive (Birmingham, AL) (middle left photo).
Summit plans to renovate both hotels and continuing operating under the Hilton Garden Inn brand. HP Hotels will remain as manager of the properties.
“These assets fit well with Summit’s overall strategy,” said Lee Hunter (top right photo), COO of Hunter Realty, who handled the transaction.
Summit Hotel Properties, Inc. is a self-advised real estate investment trust focused on acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments.
As of February 28, 2012, the company’s hotel portfolio consisted of 73 hotels with a total of 7,469 guestrooms located in 20 states. Additional information about Summit may be found at the company’s website, www.shpreit.com.
Hunter Realty, an award-winning hotel investment advisory firm founded in 1978, has offices in Atlanta, Dallas, Los Angeles, Miami, New York and Washington, D.C. Additional information, including current listings, is available at the company’s website, www.HunterHotels.net, or by contacting the Atlanta office at (770) 916-0300.
Contact:
Chris Daly or Jerry Daly (media)
(703) 435-6293
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