hrec investment advisors
New York Quality Inn Hotel Goes to Auction on RealINSIGHT Marketplace on May 8th
RealINSIGHT Marketplace | April 9, 2019
Quality Inn Syracuse NEW YORK—April 8, 2019—RealINSIGHT Marketplace and HREC Investment Advisors are pleased to present the Quality Inn Syracuse Carrier Circle, a 125-room, select-service hotel located in East Syracuse, NY, for your acquisition consideration. The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace, May 6th – May 8th. About the Property: One Building Three Floors 125 Rooms Renovated in 2017 This offering provides investors with the opportunity to acquire one of the most sought-after brands of Choice Hotels, the Quality Inn, in an excellent location w...
Woodbine Development Corporation Completes Sale of Hyatt Place Gilbert/Phoenix to Sethi Management
Woodbine Development Corporation | February 6, 2017
PHOENIX (Feb. 6, 2017) — Woodbine Development Corporation and a Hyatt affiliate sold Hyatt Place Gilbert/Phoenix to affiliates of Sethi Management, Inc. HREC Investment Advisors represented Woodbine and Hyatt in this transaction, which closed February 2 and was brokered by Senior Vice President Bill Murney. Woodbine developed the property, which opened in July 2009 as the first Hyatt-managed, new-build Hyatt Place hotel in the state of Arizona. Since that time, Woodbine served as co-owner/asset manager while Hyatt served as the co-owner/operator of the 127-room hotel, which also features 1,113 square feet of meeting and event spac...
Warmbrodt Hotel Investments Merges with HREC; “Best in Class” Brokerage Penetration in Mid-West and Texas
Warmbrodt Hotel Investments | August 25, 2016
Herb Warmbrodt HREC Principal - Kansas City Mike Cahill CEO & Founder - HREC (Kansas City, MO; Denver, CO) – Warmbrodt Hotel Investments (www.whikc.com) is excited to announce that they are strategically merging their outstanding mid-west and Texas hotel brokerage practice with HREC's national hotel platform (www.hrec.com) effective August, 23rd, 2016. Post-merger: Warmbrodt Hotel Investments, a well-established, nationally recognized brokerage powerhouse in the mid-west and headquartered in Kansas City, will further enhance its client centric practice by joining Team HREC. This merger further energizes Warmbrodt with the ad...
HREC Arranges Sale of Fairfield Inn & Suites Yakima, Washington
March 30, 2016
(Denver, Colorado; San Diego, California) – HREC Investment Advisors is pleased to announce it arranged the sale of the 81-guestroom Fairfield Inn & Suites located in Yakima, Washington. The sale price was $8,700,000. Mike Armstrong, Principal in HREC Investment Advisors' San Diego office, exclusively represented the seller, LLJ Ventures, a value-add real estate investment firm. The hotel was managed by Pacific Pearl Hotels. LLJ acquired the hotel in 2013, and installed a new management team and completed a major renovation which contributed to the hotel's solid year-over-year performance. The buyer is Glacier House Hotels, an...
