Real Estate Journal — DelMarVa — December 9 - 22, 2016 — 17A
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Kevin Hanley and Ketan Patel represent seller of 169-room hotel HREC arranges sale of Comfort Inn Capital Beltway in Beltsville, Maryland news release for immediate release HREC Arranges Sale of Comfort Inn Capital Beltway Beltsville, Maryland
(Denver, Colorado; Washington HREC Investment Advisors is pl arranged the sale of the 169-gue Beltway located in Beltsville, Mar Kevin Hanley and Ketan Patel, bot HREC Investment Advisors’ exclusively represented the seller ”The sale of this hotel reflects th to own assets in Washington DC ment agencies. The hotel is proximate to the University of Maryland, the Food and Drug Administration and the USDA Agricultural Complex. HREC is a lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, con- sulting (market studies and appraisals), and litiga ion support. With offices through- out North America, HREC is distinguished by unwav- ering commitment to client service and success through its team approach, intellec- tual capital and hotel/casino specialization. n
ELTSVILLE, MD — HREC Investment Advisors announced it has arranged the sale of the 169-guestroom Comfort Inn Capital Beltway located in Beltsville, MD. Kevin Hanley and Ketan Patel , both senior vice presi- dents in HREC Investment B Cushman & Wake- field reps. tenant in 75,000 s/f sublease SAVAGE, MD — Cushman & Wakefield announced that TLR, LLC subleased 75,000 s/f from B. Von Paris & Sons, Inc. at 8750 Larkin Rd. in Savage. 8750 Larkin Rd. is a 148,483 s/f warehouse owned by Prologis . Robert Oare and Jared Ross of Cushman &Wakefield represented B. Von Paris & Sons, Inc. in the transaction. “This transaction was at- tractive to our client due to the immediate sublease start date, the subtenant, TLR,LLC needs no tenant improvements and is warehousing household goods/clothing for Goodwill of Greater Washington.” n Del Markward takes office as 2017 president- elect of SIOR WASHINGTON, DC — Del Markward, SIOR , president and CEO of MarkwardGroup 2017 president-elect. The in- duction took place during the SIOR Fall World Conference in New York City. Markward will step into the role of SIOR President in the Fall of 2017. Markward has owned and operated Markward Group since 1995 as a real estate consulting, advisory, and bro- kerage firm. He focuses on providing expert business advice to corporations, lo- cal businesses, developers, and investors alike. He also founded Caracor, LLC , a real estate development and investment firm. n Del Markward in Allentown, PA, recently took office on the Society o f I ndu s - t r i a l a n d Office Real- tors (SIOR) ’s Board of Di- rectors as the
Advisors’ Washington DC office, represented the seller during the transition. ”The sale of this hotel reflects the desire of hotel investors to own assets in Washington DC metropolitan area with its di- verse economic landscape. The buyers were able to recognize the value of the hotel’s location and rationalize appropriate capital expenditures to im- prove the customer experience and drive future cash flows,” said Hanley. The sale of the hotel attracted potential buy- ers from states throughout the East Coast. The Comfort Inn Capital
Beltway I-95 North is located in Beltsville twenty miles from downtown Washington DC and twenty five miles from diverse economic landscape. The Buyers were able to recognize the value of the hotel appropriate c pital expenditures to improve the customer experience and drive future cash Hanley of HREC. The sale of the hotel attracted potential buyers from states throughout the E The Comfort Inn Capital Beltway I-95 North is located in Beltsville, Maryland approxi downtown Washington DC and twenty five miles from downtown Baltimore. Beltsville is a gr numerous businesses, organizations, and government agencies. The hotel is proximate to t the Food and Drug Administration and the USDA Agricultural Complex. About HREC®: HREC® is the nation’s leading lodging and gaming real estate advisory firm sp mortgage brokerage, equity/JV structurin , consulting (market studies and appraisals), an offices throughout North America, HREC® is distinguished by unwavering commitment to through its team approach, intel ectual capital and hotel/casino specialization. downtown Baltimore. Belts- ville is a growing DC suburb, home to numerous businesses, organizations, and govern-
Your real estate financing should be built on “when”...not “if.” i g uld b i i With your financing on the line, you need a reliable, credible and flexible financing partner with rock solid sources of capital. Kevi Hanley Senior Vice President 301.370.8736 khanley@hrec.com
For addition information on the property, please contact:
Ketan Patel Senior Vice President 410.598.7595 kpatel@hrec.com
Ash Director 303. ahunt
As the nation’s largest privately-owned servicer and provider of commercial real estate debt and equity, NorthMarq Capital has the strength and stability to execute transactions with certainty and deliver results that suit even the most unique needs.
Visit HREC®’s website at www.hrec.com ###
Visit the NEW northmarq.com/richmond or call 804.716.9153 to learn more!
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