The Plasencia Group announced the company served as the exclusive advisor in the marketing and sale of the Sheraton Hotel in Metairie, Louisiana.
The seller was The Situs Companies as special loan servicer to a CMBS trust; the buyer was Songy Partners Limited of Atlanta in a joint venture with Aimbridge Hospitality and Argonaut Private Equity. The transaction, which closed in mid-October, was completed for a purchase price of $9.8 million.
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