HREC INVESTMENT ADVISORS BROKERS SALE OF 13-ASSET HOTEL PORTFOLIO

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MISSOURI AND ILLINOIS — HREC Investment Advisors has brokered the sale of a 13-asset hotel portfolio with various locations in Missouri and Illinois. Totaling 839 rooms, the properties include one Comfort Inn, two Comfort Suites and ten Super 8 Motels. Shivam Hotel LLC, which is managed by Champak Patel of Oklahoma City, has acquired the portfolio from Midwest Lodging Associates for $39.5 million. Ted Anka in the Chicago office of HREC Investment Advisors represented the seller in the transaction.

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