FORMER HYATT PLACE SELLS FOR $19.25M

BIRMINGHAM, ALA. — The 150-room former Hyatt Place Hotel, located at 2024 4th Ave. South in Birmingham, has been sold for $19.25 million. Additionally, the hotel has been converted to the SpringHill Suites by Marriott brand. Teague Hunter of Hunter Realty's Atlanta office represented Capmark Financial, the seller, in the transaction. The buyer was Ascent Hospitality.