|Windsor/Aughtry Company, Inc. announces sale of Tallahassee hotel|
Windsor/Aughtry Company, Inc. announces sale of Tallahassee hotel
Greenville, SC (August 3, 2012) - GREENVILLE, S.C. – August 3, 2012 – Windsor/Aughtry Company Inc. of Greenville, S.C., is pleased to announce the sale of the Tallahassee, Fla., Hampton Inn & Suites. The hotel was developed by Windsor/Aughtry for AHG Hotels LLC and opened in 2004.
The “as-is” price of the 122-room hotel was $12,350,000. Gray Morgan, CCIM, and Charles Reyner, CCIM, of Windsor/Aughtry represented the seller. A joint venture of DeBartolo Development and Banyan Tree Companies purchased the property.
Bo Aughtry of AHG Hotels LLC stated that the company intends to sell one or two additional hotels from its portfolio in the coming months. AHG currently has a Hampton Inn & Suites under construction in Baton Rouge, La., and one under development in Roanoke, Va.
About Windsor/Aughtry Company, Inc.
Windsor/Aughtry Company Inc. is a leading new-home builder and commercial real estate developer and brokerage firm headquartered in Greenville, SC. For 25 years, Windsor/Aughtry has carefully built a reputation for excellence. In the residential and new home arena, Windsor/Aughtry has developed and sold more than 3,000 single-family homes in 40 master-planned communities. In commercial development, the company has developed 14 hotel and mixed-use developments, has acquired, constructed and expanded more than 2 million square feet of shopping centers and single-tenant developments anchored by major retailers and has been recently active in the medical development field.
For additional information, contact Gray Morgan at (864) 679-3636 or Charles Reyner at (864) 679-3628.