HFF closes sale of DoubleTree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park

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. July 23, 2015

TAMPA, FL. July 23, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the DoubleTree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park, a 249-room, full-service hotel in North Carolina's Research Triangle area.

HFF marketed the property on behalf of the seller, Driftwood Hospitality Management, LLC. Southwest Value Partners purchased the hotel and has retained Dimension Development Corporation as manager.

Also known as the “Mansion on the Hill,” The DoubleTree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park underwent renovations in 2013 that improved and modernized all common areas and guest rooms while retaining the asset's Southern-inspired aesthetic. The hotel caters to business and vacation travelers and features a full-service restaurant, lobby bar, outdoor swimming pool, 24-hour business center, state-of-the-art fitness center and 11,500 square feet of flexible meeting space. The property is situated on 12.5 acres at 4810 Page Creek Lane in Durham approximately three miles from Research Triangle Park, home to more than 190 Fortune 500 companies, biotech and scientific research firms, and professional services providers. Five miles from Raleigh-Durham International Airport, the hotel is off of Interstate 40, 15.3 miles from downtown Raleigh and 10.5 miles from downtown Durham.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF's hotel group Daniel C. Peek, director KC Patel, associate director Cyrus Vazifdar and senior managing director Ryan Clutter.

About Driftwood Hospitality Management, LLC Based in North Palm Beach, Florida, Driftwood Hospitality Management, LLC (Driftwood) is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference - flexibility, diversity, integrity, accessibility, originality - the company covers the full spectrum of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood's portfolio represents virtually every segment of the hospitality industry. Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide; Hilton Worldwide; InterContinental Hotels Group, Inc.; Carlson; Choice Hotels International, Inc. and Wyndham Worldwide. With offices in Costa Rica; Scottsdale, Arizona; and Miami, Florida, the company and its hotels have received more than 20 industry awards in the past three years. Learn more at www.driftwoodhospitality.com.

About HFF HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.