for immediate release
HREC Investment Advisors Arranges the Sale of the
Americas Best Value Inn - Leeds, Alabama on Behalf of National Lender
(Denver, Colorado; Atlanta, Georgia) - HREC Investment Advisors, the nation's leading lodging and gaming estate firm, announced today that it advised Bank of the West on its recent sale of the Americas Best Value Inn in Leeds, Alabama to a local owner/operator of limited service hotels. Monty Levy, Senior Vice President and Market Leader in HREC Investment Advisors' Atlanta office, led the HREC Investment Advisors' team on behalf of the Bank of the West.
The property is located in a growing suburban location, approximately 15 miles east of downtown Birmingham, directly off of Interstate 20. Within the town of Leeds itself, visitors will find the Barber Motorsports Park, The Shops of Grand River, one of the world's largest Bass Pro Shops, and excellent proximity to the City of Birmingham, Alabama and the Talladega Speedway.
Noted Levy, "This transaction further reinforces the improving hotel investment sales market, as key operating metrics continues to trend upward. Moreover, we were pleased to arrange this transaction on behalf of one of our firm's key lending clients."
HREC is the nation's leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization. For more information, visit www.hrec.com.
For additional information on the property, please contact:
Monty Levy - Senior Vice President
Ashley Hunt - Director of Marketing
Visit HREC's website at www.hrec.com