(Carl Cronan is editor of RealEstate Florida.)
ROCKY MOUNT, NC-A complicated transaction has resulted inRockBridge Capital LLC becoming the owner of a 461-room hotelportfolio here, according to HREC Investment Advisors. The value ofthe deal, which also includes a conference center and vacant land,is not being disclosed.
HREC says it brokered the sale for Rocky Mount Tectel, apartnership comprised of a prominent North Carolina developer plusseveral Miami-based investors. The portfolio includes a DoubletreeHotel, a Residence Inn, a Comfort Inn and a Courtyard byMarriott.
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