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APPLETON, WIS. — Denver-based HREC Investment Advisors has completed the sale of a Best Western hotel located in Appleton. The seller, Midway Motor Lodge, is also the hotel’s original developer. Larry Kaplan and Mark Darrington of HREC negotiated the transaction between the seller and the out-of-state buyer. HREC also assisted in sourcing the acquisition financing through a Florida-based lender. The same HREC team also brokered the sale of a AmericInn located in McCall, Idaho. The acquisition prices were not released but the properties sold for under $10 million.