for immediate release
HREC Investment Advisors Arranges the Sale of the
Microtel Inn & Suites - Las Vegas, Nevada
(Denver, Colorado; Chicago, Illinois) - HREC Investment Advisors is pleased to announce its recent sale of the 110-guestroom Microtel Inn & Suites in Las Vegas, Nevada.
HREC IA was the exclusive representative of the seller, GEST Properties III LTD. The sale was negotiated by Tom Sommer, Vice President in HREC IA's Chicago office and Mike Armstrong, Principal in HREC IA's San Diego office.
The property was constructed in 2007 and has been well maintained. The Hotel, situated with a primary Las Vegas-area submarket, benefits from significant room night demand throughout the year related to Las Vegas' temperate climate, world-class tourist attractions, recreation, and gaming destinations.
About HREC: 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:
Tom Sommer - Vice President
Mike Armstrong - Principal
Ashley Hunt - Director of Marketing
Visit HREC's website at www.hrec.com