Bankers arrange $50m hotel sale.Sonnenblick-Goldman Company, on behalf of Apollo Apollo (əpŏl`ō), in Greek religion and mythology, one of the most important Olympian gods, concerned especially with prophecy, medicine, music and poetry, archery, and various bucolic arts, particularly the care of flocks and herds. Real Estate Advisors, has arranged the sale of the Hyatt Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. in Savannah, GA to Highland Hospitality Corp. for $50 million. The 347-room Hyatt Regency Regency, in British history, the period of the last nine years (1811–20) of the reign of George III, when the king's insanity had rendered him unfit to rule and the government was vested in the prince of Wales (later George IV) as regent. Savannah is one of the city's finest full-service hotels. Commenting on the transaction, Sonnenblick-Goldman managing director and principal, Mark Gordon Mark Gordon (born 10 October, 1956) is an American producer. He is originally from Newport News, Virginia. He has worked on numerous projects as both producer and executive producer including Speed, The Jackal, and Saving Private Ryan. , stated, "The Savannah market is a 'drive-to' market and has performed in an extremely consistent fashion during the past three years. "It is an interesting example of the benefits of owning a geographically diverse portfolio of hotels in challenging economic times." Sonnenblick-Goldman's transaction team for the assignment included Mark J. Gordon, managing director and principal; Lorena Heredia, associate director; and Svetlin Ganchev, associate. |
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