The Hilton Garden Inn across from the Metro Airport has been sold for $10.6 million. Interstate Hotels & Resorts announced it had completed the sale of the 131-room hotel to a fund managed by Fairwood Capital. IHR, the largest independent hotel management company in the U.S., will continue to manage the hotel, which is located in the Howell Place development. IHR, which has been squeezed by the recession, has been selling off properties lately to pay down maturing debt. The company bought the Hilton Garden Inn in June 2006 for $14.4 million.
Hilton Garden Inn sold for $10.6 million
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