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ALLENTOWN, PA. — HREC Investment Advisors has arranged the sale of the 124-guestroom Hampton Inn in Allentown. Ketan Patel, senior vice president, and Geoff Davis, president and senior principal at HREC, represented the seller in the transaction. The buyer, New York City-based Troutbrook/Freud Development, plans to complete a multi-million dollar renovation of the property. GE Capital provided the acquisition financing. Troutbrook/Freud Development has hired Marshall Hotels to manage the property. The hotel is located adjacent to Interstate 78 and is about 13 miles from the Lehigh Valley International Airport.