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Real estate firm ups its hotel holdings

Feb 5, 2015

Posted by Katie Demeria on 2/3/2015 on Richmondbizsense.com

A local real estate investment company has grabbed a handful of hotels in its latest round of acquisitions.

Glen Allen-based Lingerfelt CommonWealth Partners acquired five hotels in four Southeastern cities, the company said Monday. Terms of the deal and the identity of the seller were not disclosed.

Lingerfelt CommonWealth’s purchases total 758 rooms at two Fairfield Inn properties in the Orlando market, a Hampton Inn and DoubleTree in Atlanta and a Courtyard by Marriott in the Charlotte area.

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