Hotel Online Special Report

Jones Lang LaSalle Hotels Select Service Division
Closes Seven Hotel Transactions
ATLANTA - July 20, 2005 - Jones Lang LaSalle Hotels Select Service Division announced today that they advised multiple sellers in the disposition of seven hotels since the acquisition of Thompson Calhoun Fair, LLC by Jones Lang LaSalle Hotels in June 2005. Located in urban and suburban markets across the country, the properties comprised 1,356 rooms, which included these assets:
  • Holiday Inn Select Niagara Falls, New York / 397 rooms
  • Ramada Limited Beaufort, South Carolina / 151 rooms
  • Holiday Inn St. Louis Airport St. Louis, Missouri / 392 rooms
  • AmeriHost Inn Jackson, Tennessee / 60 rooms
  • AmeriHost Inn Storm Lake, Iowa / 61 rooms
  • TownePlace Suites Fenton, Missouri / 95 rooms
  • Holiday Inn Cookeville, Tennessee / 200  rooms
Keith Thompson, one of three managing directors of the Select Service Division stated, “With these last seven transactions, we are proud to continue closing at least one mid-market hotel transaction every seven days.  These closings are representative of the geographical reach of our organization. Of these transactions, four of the seven sellers were public companies while all seven of the buyers were private investors.  We continue to witness strong transactional growth in mid-market hotel transactions across all brands, locations, physical size and economic size.”
 
About Jones Lang LaSalle Hotels

Jones Lang LaSalle Hotels, the world’s leading hotel investment services group, provides clients with value-added investment opportunities and advice. In the US, Jones Lang LaSalle Hotels is ranked as the leading transaction advisor for hotel sales over $25 million. In 2004, its global success story includes the sale of 23,103 hotel rooms to the value of US$5.2 billion in 85 cities and advisory expertise on 132,498 rooms to the value of US$27.9 billion across 301 cities. Jones Lang LaSalle Hotels’ services include transactions, mergers and acquisitions, financial advice and capital raising, 


From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson
valuation and appraisal, asset management, strategic planning, operator assessment and selection and industry research. Jones Lang LaSalle
(NYSE: JLL) is the world’s leading real estate services and investment management firm, operating across more than 100 key markets on five continents. www.joneslanglasallehotels.com
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Contact

Keith Thompson
Jones Lang LaSalle Hotels
3414 Peachtree Road NE
Suite 1505
Atlanta, Ga. 30326
404-995-8970
hkeith.thompson@am.joneslanglasalle.com

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