Hunter Realty Associates, Inc. Brokers SpringHill Suites Transaction

Florida Property Purchased By Apple Hospitality REIT

ATLANTA, April 10 /PRNewswire/ -- Hunter Realty Associates, Inc., a
leading national hotel investment services firm, today announced they
represented and advised the seller in the recent sale of the SpringHill Suites
in Sanford, Fla. The 105-suite property was purchased by Apple Hospitality
REIT and will retain the Marriott flag. Bob Hunter, president of Hunter
Realty, and Lee Hunter, executive vice president, brokered the transaction.
"The Sanford SpringHill Suites attracted a good deal of interest, with
Sanford's proximity to Orlando and the appeal of its Marriott-affiliated
brand," Lee Hunter said. "Despite current market uncertainties, the
transaction went smoothly and our client received great value for this asset.
We expect well-located and well-branded properties of this caliber to continue
to do well in 2008 and that there will be plenty of good opportunities for
experienced buyers and sellers."
Located at 201 North Towne Road in Sanford, between Daytona Beach and
Orlando, the SpringHill Suites Orlando North/Sanford features an outdoor pool
and Jacuzzi, meeting space for up to 90 people and boardroom seating for 14.
About Hunter Realty Associates, Inc.
Hunter Realty Associates, Inc., a leading national hotel investment
services firm, is uniquely positioned to provide investment asset advice to
hotel investors and hotel companies. The firm's vast network of industry
contacts and relationships is a result of Hunter Realty's 30-year history of
exceptional service to the hotel investment community. Hunter founded and
organizes the Hotel Investment Conference, an annual gathering of the top
hotel executives for an important summit on current trends affecting the
industry. Providing a boutique, client-oriented focus, Hunter services span
the spectrum of industry transactions from single asset investment sales to
strategic portfolio dispositions and acquisitions.
Contact: Melanie Boyer, media
(703) 435-6293
melanie@dalygray.com

SOURCE Hunter Realty Associates, Inc.

Melanie Boyer, +1-703-435-6293, melanie@dalygray.com, for Hunter Realty
Associates, Inc.