Joel Hiser Hotel Broker & Loan Specialist- Recently sold the Park Inn & Suites located in Central California
Scope of Work:
Successful Close of Escrow – Park Inn & Suites, Fresno, California
Description of Project:
Joel Hiser, a Hotel Broker & Loan Specialist in the San Francisco office of HTL Hospitality Advisors, is pleased to announce the recent sale of the former Park Inn & Suites - Fresno, California. The sale of this 201 room, full service hotel with a freestanding restaurant, lounge and ballroom situated on approximately 9-acres of land also required a separate sale of the Series 47 liquor license. Upon closing of escrow the new owners elected to rename the facility The Hotel Fresno and operate it as an independent hotel. HTL represented both the seller, Diamond Int’l Investment LLC and the buyer, West Coast orange Group, LLC in the transaction. The buyer of the Hotel plans to complete a renovation and continue to operate it as an independent hotel.