CBRE HOTELS GROUP SELL FIVE ASSETS IN THE CAROLINAS, FLORIDA

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ATLANTA — The Atlanta office CB Richard Ellis Hotels Group has completed the sale of five limited-service hotels located in the Carolinas and Florida. The five hotels comprise 756 guestrooms and were sold to separate buyers for a total consideration of more than $24 million. The assets include Comfort Inn Riverview in Charlestown, S.C.; Comfort Inn University in Durham, N.C.; the former Hampton Inn Crabtree Valley in Raleigh, N.C.; Comfort Inn Medical Park in Durham; and Comfort Suites in Orlando. Terms of the transaction were not released. Arpit Shah and Dipan Patel of CBRE Hotel Groups represented the seller, Inland American Real Estate Trust, in the transaction.

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