(Denver, Colorado; Memphis, Tennessee):  The recent closing of the 79-guestroom Best Western Shelbyville, Kentucky was handled by Patrick Culligan, Principal in HREC Investment Advisors' Memphis office.
 

The Hotel is strategically located just off of Interstate 64 east of Louisville and less than three miles from downtown Shelbyville, Tennessee.  The property is situated in a desirable area with convenient access to nearby demand generators and support services.  The Hotel facilities include a meeting space, business center, fitness center and an outdoor pool.

The sale of the Best Western was a strategic disposition by H&W Management accomplished during a challenging period for hotel sales.  Bank financing is not readily available in the current market so it was important to identify all-cash buyers and/or potential funding options.  The property was ultimately acquired by an owner/operator interested in the area for both personal and professional reasons.  "The Best Western sale was an excellent opportunity for both buyer and seller to accomplish their primary objectives" said Patrick Culligan, a Principal with HREC in Memphis.  He added, "The best timing in hotel dispositions include both financial and strategic considerations."