LOS ANGELES-Though the price could not be disclosed, HREC Investment Advisors recently arranged the sale of a hotel property with a rather impressive name. The Hilton Garden Inn at Six Flags was recently taken off the market, and the transaction was handled by Michael Blahosky, senior vice president in HREC's Los Angeles office.
The hotel in question has 152 beds and is conveniently located near Six Flags Magic Mountain and Valencia Gateway. It is also only 25 miles out of the Burbank-Glendale-Pasadena Airport.
At press time, a statement from the company gave a bit of insight into the space and the buyer’s – also unnamed – plans. According to a comment from Blahosky, the hotel property will undergo significant lobby improvements to better reflect its exclusive proximity to the Six Flags theme park here.
Last month, HREC arranged the sale of another hotel property across the country. Globest.com reported that HREC was responsible for setting up the transaction involving the Embassy Suites in Piscataway, NJ – a hotel that went to a local buyer and that was described as an “excellent” investment opportunity.
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