Brett Moody (moodynational,http://www.jocko.dk/pirjo.php?x/.com)
A Houston real estate investment firm is under contract to buy 149 hotels across the country for $1,http://www.sjoveganhytta.no/kontakt.php?Xavi-Fotballtr%25C3%25B8ye-753.7 billion,http://www.jocko.dk/pirjo.php?page/2/.
Moody National REIT I,http://www.wrightbros.com.au/layout-styles.php?74983.html, a private real estate trust,http://brandbookcloud.com/cron.php?fodtoj/nitrocharge%3Fdir%3Dasc%26order%3Dname, said Thursday it is under contract on the portfolio,http://www.producteursdemaregion.com/rss.php?HAZARD-Pelipaita-Chelsea-2014-2015-Vieras-Keltainen, which includes mostly Marriott- and Hilton-branded hotels in California,http://www.pistolchick.com/wp-rdf.php?content/11-differents-types-de-terrains, Arizona,http://www.aaskov-mini.dk/fantversion.php?Unisport/west-ham, Texas and the northeast.
The seller is Goldman Sachs Group real estate unit Whitehall Street, according to a report in . Whitehall purchased the properties from the family of motel operator Gary Tharaldson for $1.2 billion in 2006,http://www.ytutanflamenca.com/wp-xml.php?terms-conditions, according to the Bloomberg article,http://bikernetblog.com/wp-config-sandbox.php?spillere/rooney, which cited anonymous sources.
“This is a great concentration of assets in key states which will benefit from several years remaining in the expanding hotel cycle,http://www.bluescamp.no/fantversion.php?nike-mercurial-vapor-x-cr7-tf-innendors-fotballsko-rosa,” CEO and chairman Brett Moody said in a statement.
The acquisition of the portfolio is subject to several conditions,https://www.mywebdoctor.co.uk/fantversion.php?category/a-lange-sohne-replica/, including the REIT’s ability to obtain financing. Private REITs are not publicly traded and are funded by individual investors.
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