Transactions

Hotel & Motel Management, June 4, 2001

Transactions

Openings

Amin Family LLC opened a
58-room Microtel Inn & Suites
in Thomasville, N.C.

Budget Inn & Suites LLC opened
a 68-room GuestHouse International Inn &
Suites in Santa Maria, Calif.

Cedar Falls Lodge & Suites LLC plans
to open a 57-room AmericInn in Cedar Falls, Iowa this summer.

Columbia Sussex opened the 283-room Milwaukee Marriott
West in Waukesha, Wis.

Chris Dean and Pete Patel opened a 72-unit Comfort Inn
& Suites in Cincinnati.

Drury Development Corp. opened a 160-room Drury
Inn & Suites in Horn Lake, Miss.

Featherstone Hotels LLC opened the 101-room Microtel Inn
& Suites at Washington--Dulles Airport in Va.
The Flatley Co. opened the 464-room Boston Marriott Quincy.

Fox Squirrel LP opened a 112-room GuestHouse International
Inn in Hardeeville, S.C.

Richard Hedreen opened the 425-room Elliott Grand Hyatt Seattle.

Hospitality Management opened the 125-room Hilton Garden Inn
Atlanta North Point in Alpharetta, Ga.

Jalta LLC will open a 42-room AmericInn Motel & Suites in Long
Lake, Minn., this summer.

J-MAC Investment LLC opened
a 127-room GuestHouse International Inn & Suites in Methuen, Mass.

Jugal Purohit opened a
110-room GuestHouse International Inn in Augusta, Ga.

Stewart Juneau opened the
230-suite Iberville Suites in
New Orleans.

The Steve Martin Management Co.
opened the 40-unit Best Western in Cannon Beach, Ore.

Bakul M. Mehta opened a
65-room GuestHouse International Inn in Hemet, Calif.

Le Meridien opened the
311-room Le Meridien in Chicago.

Music City Hotel LP opened a 208-suite Embassy
Suites Hotel in the West End/Vanderbilt University District in
Nashville, Tenn.

Noble Investments Group LTD opened the 122-room Hilton Garden
Inn Atlanta Northeast/Gwinnett Sugarloaf
in Duluth, Ga.

Balu and Usha Patel opened a 41-room Comfort Inn in Lathrop, Calif.

Pfeiffer Rd LP opened a
177-room Clarion Hotel &
Suites in Cincinnati.

Quayside Place Partners opened the 233-room Renaissance
Fort Lauderdale Hotel in Fla.

Rockaway Townsquare LLC opened a 162-room Hilton Garden
Inn in Rockaway, N.J.

SHIVAM opened the 82-room GuestHouse International Wilshire Inn
in Cushing, Okla.

Shriji opened a 126-room GuestHouse International
Inn & Conference Center in Albert Lea, Minn.

Western Steel opened a 59-room GuestHouse International Inn &
Suites in Dupont, Wash.

John Whiddon opened a 172-room GuestHouse International Inn
& Suites in Montgomery, Ala.

White Lodging Services Corp. opened an 87-suite SpringHill
Suites in Mishawaka, Ind.

Management

Winegardner and Hammons and Eager Realty Group opened the
295-room Austin (Texas) Marriott North.

Yogi Management LLC opened
a 61-room Microtel Inn & Suites in Salinas, Calif.

Accor North America will manage the 259-room Sofitel
in Montreal. The hotel is scheduled to open in the spring of 2002.

Development Management Corp. will manage the 185-room Regent
Boston at Battery Wharf Hotel and Residences. The complex
also features 99 condominiums. The hotel will open in the spring of 2003.

Gemstone Resorts International manages the 119-unit Forest
Inn Suites Resort in South Lake Tahoe, Calif.

Geneva Hospitality manages the 222-suite Cove of Lake Geneva (Wis.) Resort.

Financing

The Kessler Enterprise manages the food and beverage operation at the
250-room Westin Grand Bohemian in Orlando. The
hotel has 24-hour roomservice.

Rosewood Hotels & Resorts
manages the 190-room Carlyle Hotel in New York.

Ayres Country Suites--Ontario Mills LP financed $8.75 million
through Avalon Financial Group for the 138-room Ayres
Country Suites at the Mills Mall in Ontario, Calif.

A subsidiary of Columbia Sussex Corp. received a
$29.25-million loan from Corus Bank for the purchase and renovation of
the 366-unit Tan-Tar-A resort in Osage Beach, Mo.

Acquisitions

RLJ Development financed
$40.5 million through AFC Realty Capital for
the acquisition of five Homewood Suites by Hilton in Billerica, Mass.;
Brentwood, Tenn.; Bloomington, Minn.; Dallas; and Farmington, Conn.

Amerimar Enterprises bought the 319-room Red Lion in
Houston from the Hilton Hotel Corp. for $20 million.

Convention Center Drive LLC bought the 193-room Convention
Center Hotel & Casino in Las Vegas from WWF Hotel & Casino
Ventures LLC.

F&M Motels sold the 151-room Clarion Hotel in New Port
Richey, Fla., for $6.6 million to New Port Richey Investors LLC.

Homestead Motel bought the
58-room Microtel Inn in Tupelo, Miss.,
for $1.88 million from Little Properties.

James Hotels bought the 148-room Holiday Hotel & Suites
in Clearwater, Fla., from Menna Development for $8.7 million.

Lend Lease Real Estate Investments acquired the
365-room Marriott at the Capitol in Austin, Texas, from USAA Real Estate LP.

Meristar Hospitality Corp. sold the 213-room Four Points
Hotel in Cherry Hill New Jersey to Growth Properties for $7.8
million.

Millennium Hotels and Resorts sold the 156-room Quality Inn
in Colorado Springs, Colo., to McBride Associates LLC for
between $30,000 and $35,000 per room.

Oly Realty One sold the 132-room Susse Chalet in Portland,
Maine, to H.I.M. Portland LLC.

Pinnacle Hotels USA purchased the 124-room Days Inn--Encinitas
and the 170-room Ramada Limited & Suites--Mission
Valley,
both of which are located in San Diego County, Calif., from
Trigild Investments.
Prime Hospitality Corp. sold the 82-unit Wellesley Inn in
Fairfax, Va., to Elite Hotels LLC for $4.987 million.

Shaner Hotel Group LP sold the 123-room Hampton Inn in
Kinston, N.C., to Reco Properties for $3.3 million.

Tucker Highway Motor Lodge sold the 162-room Red Carpet
Inn--Belle Meade in Harrisonburg, Va., to MARJAN for $2.25
billion.

Value Enhancement Fund IV LP bought the 636-room Doubletree
National Airport in Arlington, Va., from Arlington Hotel
Co.

Washington Park Hotel Associates sold the 219-room Doubletree
Washington Park Terrace Hotel to an affiliate of Amstar
Group Ltd.

Affiliates of Westmont Hospitality and ING Barings sold the
198-room Radisson San Gabriel Valley in Baldwin Park, Calif., to Kam Sang Co.