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HREC Investment Advisors Arranges the Sale of the Holiday Inn - Surfside Beach, South Carolina (Denver, Colorado; Atlanta, Georgia): HREC Investment Advisors is pleased to announce that it advised Lodgian Hotels Fixed IV, LP in its recent sale of the 133-guestroom Holiday Inn in Surfside Beach, South Carolina. The property was sold to Guardian Group, LLC, and will be managed for this buyer by Hostmark Hospitality Group. The sale was handled by Scott Stephens, a Principal in HREC Investment Advisors' Tampa office and Monty Levy, Senior Vice President in HREC Investment Advisors' Atlanta office. With amenities such as 2,500 square feet of meeting space, a business center, fitness center, outdoor swimming pool and high-speed internet, the Holiday Inn also offers a restaurant, lounge, and Tiki bar that operates seasonally. "We are very pleased with the pricing and terms we were able to achieve for one of our firm's very important clients," noted Stephens, who added that "this property offers upside to the buyer following the renovations to be completed by them." 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 thirteen 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 on the sale of the Holiday Inn - Surfside Beach, South Carolina, please contact: Monty Levy - Senior Vice President Scott Stephens - Principal Ashley Hunt - Director of Marketing For additional information, visit HREC's website at www.hrec.com ###
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