ATLANTA—As the hospitality market continues to rebound across the Southeast, two Hilton Garden Inns have traded hands. The two-property hotel portfolio in Birmingham fetched more than $22 million.

Marcus & Millichap Real Estate Investment Services arranged the sale, which included a 130-room Hilton Garden Inn in the suburban Liberty Park business district and the 95-room Hilton Garden Inn in the Wildwood area off Lakeshore Drive, 12 miles from Birmingham-Shuttlesworth International Airport.

“Both properties are quality hotels in the Hilton franchise family,” Helen Zaver, a senior associate in Marcus & Millichap’s Atlanta office and a member of the firm’s National Hospitality Group, tells GlobeSt.com. “The market for well-branded full-service or select-service hotels is strong, especially for assets in primary markets or locations with robust demand drivers.”

The Hilton Garden Inn in Liberty Park sold for $11.9 million and the Hilton Garden Inn in Lakeshore sold for $10.2 million. The sales prices include property improvement plans and a post-renovation NTM cap rate of 8.5 percent to 9.5 percent for the former and 9.5 percent to 10.5 percent for the latter.

Zaver represented the seller, HP Hotels. HP Hotels will continue to manage both properties. Summit Hotel Properties Inc., a hotel real estate investment trust, acquired the portfolio. John Leonard, first vice president and regional manager of Marcus & Millichap’s Atlanta office, is the broker of record.

The Liberty Park Hilton Garden Inn is located at 2090 Urban Center Parkway, 13 miles from downtown Birmingham in the Urban Center Corporate Park. The six-story hotel was constructed in 2008 on 3.1 acres. Located at 520 Wildwood Circle Drive, the Hilton Garden Inn off Lakeshore Drive is near Downtown Birmingham, the Birmingham Museum of Art and The Birmingham Civil Rights Institute. The hotel was built in 2004 on 1.4 acres.