Hotel Transaction Tennessee

Huff, Niehaus Announces Sale of the Richland Inn Located in Lawrenceburg, TN

H. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. brokered the sale of the 55-room Richland Inn located in Lawrenceburg, Tennessee. Niehaus represented the Seller, Richland Inn, LLC in the transaction. VRL Hotels II LLC purchased the hotel for $2.3 million.

Huff, Niehaus & Associates, Inc. is pleased to announce the successful sale of the Richland Inn located in Lawrenceburg, Tennessee.   Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. and member of Hotel Brokers International was the Broker in the transaction representing the Seller, Richland Inn LLC.  A top hotel in the market, the 55 room hotel sold for $2,300,000 to VRL Hotels II LLC. The whole package - quality facility, financial strength and dedicated staff, made for a smooth transition.  

Richland Inn located in Lawrenceburg, TNHuff, Niehaus & Associates, Inc., the Hotel Brokers International 2014 Broker of the Year and ten-time Regional Broker, is located in Louisville, Kentucky and licensed in Alabama, Indiana, Kentucky, Ohio and Tennessee.  Since 1975, the company has evolved into a full-service real estate firm providing many services exclusively to the hospitality industry and lenders, including Brokers' Opinions of Value, expert witness testimony and brokerage services.

Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales.  HBI hotel brokerage specialists have successfully negotiated nearly 10,500 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States.  The organization’s database currently comprises more than 100 property listings and the HBI website attracts more than 55,000 monthly site visitors.  Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program.  In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services.  For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.


 
For more information contact:
H. Brandt Niehaus CHB, CCIM
Huff, Niehaus & Associates, Inc.
Louisville, Kentucky
502.254.7787
hotels@huffniehaus.com
 
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com



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