Huff, Niehaus Structures Sale of Radisson Admiral Semmes Hotel

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. September 07, 2010

September 3, 2010 - Huff, Niehaus & Associates, Inc. is pleased to announce the sale of the Radisson Admiral Semmes Hotel in Mobile, Alabama. The Admiral Semmes was purchased by a partner involved in the Holiday Inn across the street. The Radisson franchise was canceled at closing. The hotel will operate as an independent under the Historic Hotels of America and is connected to Preferred Hotels.

Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. and member of Hotel Brokers International was the broker in the transaction representing the Seller, ASH II, Ltd.

“This was a strategic sale for ASH II, Ltd. with many of its 35+ partners now retired and wanting to dispose of their last hotel. They had owned the Radisson Admiral Semmes Hotel since 1992.” said Niehaus. “The new owners plan an extensive renovation of more than $4.0 million dollars. Whether they will put a new flag on it is yet to be determined. The buyer enhances their position in the market and gains some operating efficiencies with two quality hotels in downtown Mobile.”

The 170 room full service hotel was sold for $3,500,000 which included an additional vacant lot. The closing was handled by First Mobile Title Inc.

H. Brandt Niehaus is president of Huff, Niehaus & Associates, Inc., a Louisville, Kentucky-headquartered real estate brokerage and advisory firm specializing in the unique aspects of hotel real estate investment. Actively involved in real estate brokerage since 1983, Mr. Niehaus services hospitality industry transactions ranging from single asset investment sales to strategic portfolio dispositions and acquisition as well as lender-owned transactions for banks and institutions. Niehaus is a two-time president of Hotel Brokers International and has served 13 years on the organization's Board of Directors. Niehaus is a seven-time recipient of the Outstanding Regional Broker of the Year as presented by the Hotel Brokers International, and is a proud recipient of the prestigious Noah L. Canfield Distinguished Service Award. Niehaus is a Certified Hotel Broker (CHB), Certified Hotel Administrator (CHA) and Certified Commercial Investment Member (CCIM). Niehaus holds a BBA and MBA from the University of Kentucky. Niehaus may be reached at (502) 254-7787 or online at www.huffniehaus.com.

About Hotel Brokers International
Hotel Brokers International is the industry's leading hotel real estate sales organization. Since its founding in 1959, HBI Brokers have successfully negotiated more than 10,000 hotel transactions and in the most recent fifteen years have been responsible for nearly 48 percent of all mid-market hotel sales transacted in the United States alone. With a database currently comprising more than 200 property listings, the HBI website attracts more than 30,000 monthly site visitors from approximately 40 different countries. HBI is founder and host of the popular Hotel Investor's Marketplace - an informational webcast series that provides investors the latest updates on hotel listings, finance, franchise, and industry trends. HBI also developed the Certified Hotel Broker designation program which has raised the industry standards and set the benchmark for hotel brokerage professionalism. The organization also publishes TransActions Recap, the industry's leading source of hotel real estate sales data.

In addition to broker 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, brokerages or to become a broker or affiliate member, HBI may be accessed online at www.hbihotels.com.