Hospitality

FORT ROYAL, VA. — Jericho, N.Y.-based Navika Capital Group has purchased Holiday Inn & Suites in Front Royal. Located at 111 Holiday Drive, the 2-year-old property features 124 rooms, an indoor pool, 5,000 square feet of meeting space and a Houlihan's Resaurant + Bar. Kyle Stevenson of Hunter Realty brokered the transaction. The seller and acquisition price were not disclosed.

BECKLEY, W.V. — Affiliates of H&W Hotels have completed the disposition of a Fairfield Inn hotel in Beckley. Greatway Hospitality acquired the property for an undisclosed price. The buyer plans to renovate the hotel and convert the property to the Fairfield Inn & Suites brand. David Mumford and Steve Kirby of The Mumford Company represented the seller in the transaction.

MYRTLE BEACH, S.C. — Deesha Hotels has acquired a Value Inn in Myrtle Beach for an undisclosed price. Located off Highway 501, the property offers 120 guestrooms and proximity to shopping, entertainment and restaurants. Jones Lang LaSalle Hotels was retained by a court-appointed receiver as the exclusive and sole agent in the disposition of the property. Ros Mallory and Mark von Dwingelo of JJL Hotels negotiated the transaction.

BONITA SPRINGS, FLA. — Homewood Suites by Hilton has opened a new property in Bonita Springs. Located at 8901 Highland Woods Blvd., the four-story property offers 106 suites, a heated pool, a fitness center, high-speed Internet access and a 24-hour business center. The property is owned by IAS Hotel and managed by Guest Services.

ATLANTA — Mumford Co. has brokered the sale of the former InHome Suites located at the interchange of Interstate 20 and Fulton Industrial Boulevard in Atlanta. The 105-suite property was vacant at the time of the sale. The buyer, Parthi Sai LLC, plans to extensively renovate the hotel and reopen it. Ed James of Mumford's Newport News, Va., office and Burton Brooks of the firm's Atlanta office represented the seller, Wells Fargo Bank, N.A.