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Hotel Equities Acquires North GA Hampton Inn

DALTON, GA-The 124-key hotel brings the company's portfolio to 25 properties, including five now under construction.

By Natalie Keith | Updated on April 09, 2008

DALTON, GA-Atlanta-based Hotel Equities has acquired the 124-room Hampton Inn at 1000 Market St. from Chattanooga, TN-based Hospitality Lodging Associates, which will retain a limited ownership stake in the property. The price was not disclosed, but the transaction includes a long-term agreement for Hotel Equities to manage the property.

The acquisition increases Hotel Equities’ portfolio to 25 properties, including five that are under construction. The company holds hotels with brands by Marriott, Hilton, IHG, Wyndam, Carlson, Choice and Best Western. The portfolio includes hotels in Atlanta, Macon, Albany, Dalton and Kingsland, all in Georgia. Others throughout the Southeast are in Hilton Head, SC, Lumberton, NC, Newport News, VA, Miami Lakes and Fort Myers, FL, and Lake Charles, LA.

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