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 PKF Capital Markets Group Brokers Sale
of Hampton Inn South, Austin, Texas

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AUSTIN, Texas, July 21, 2005 — Officials of PKF Capital Markets Group, a leading, national brokerage firm specializing in the hospitality industry, today announced that it has successfully brokered the sale of the 123-room Hampton Inn South in Austin, Texas.  The property was sold on behalf of Valencia Hotel Partners I, L.P., Inc of Houston, Texas, to J.P. Sethi Enterprises, Inc., of Pinedale, Calif.  

“The hotel’s proximity to various area attractions, corporate offices and entertainment options makes this an ideal location for both business and leisure travelers,” said J.P. Sethi, president.

Located at 4141 Governors Row in the Southpark Business Park, the six-story property is near the Austin-Bergstrom International Airport at the intersection of I-35 and U.S Highway 71, and is a short distance from the University of Texas, Austin Convention Center and the Sixth Street entertainment district.  Originally built in 1997, the hotel underwent a major renovation and “Make It Hampton” upgrade in 2003.

The hotel offers a complimentary hot breakfast, fitness center, an outdoor pool and meeting space.  Room amenities include wireless high speed Internet access, in-room coffee maker, hair dryer, iron and ironing board.

PKF Capital Markets Group (PKF-CMG), headquartered in Houston, is an affiliate of PKF Consulting, a consulting and real estate firm specializing in the hospitality industry.  PKF-CMG professionals are experienced hotel real estate specialists with a solid knowledge of hospitality related investments and financing, both in the United States and internationally.  The company has offices in major U.S. cities, including Atlanta, Austin, Boston, Dallas, Houston, Indianapolis, Los Angeles, New York and San Francisco.

Contact:

Chris Daly
 Ph: (703) 435-6293
 


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