ASAP International Holdings also arranged CMBS senior debt from Morgan Stanley as part of the purchase.
LOS ANGELES – ASAP Expo Incorporated announced that it has arranged the purchase of the 222-room Embassy Suites – Anaheim-North for $25.5 million on behalf of Urban Commons, LLC. FelCor Lodging Trust Incorporated has sold the property as part of its long-term portfolio repositioning strategy.
Taylor Woods, President of Urban Commons, LLC stated, “We are pleased to be able to close on another hospitality acquisition with the support of ASAP International and to continue to build our portfolio of trophy properties.”
Frank Yuan, CEO of ASAP International stated, “Urban Commons has been aggressively adding more assets to their portfolio and we are happy to help them with their transactions. We are working diligently to assist in several more real estate purchases in the near future as well.”
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
