Econo Lodge Winchester

David Mumford, in conjunction with Ed James of Mumford Co.'s Newport News, VA office, represented an affiliate of the Beck Company in the $2.9-million sale of the Econo Lodge of Winchester, VA to Aadesh LLC, a local investor group. The new owners plan to retain the Econo Lodge franchise for the 50-unit property.

Hilton Garden Inn Addison

Paramount Lodging Advisors announced the sale of the recently renovated 153-room Hilton Garden Inn in Addison, IL. Senior Associate Adam Montufar facilitated the sale and Robert Chvalovsky represented the seller. Infinity Hospitality Services acquired the hotel for $13.4 million.

Hotel Brokers International

HBI brokered its 10,000th hotel transaction, a $10.2-million package deal that included a 77-unit Holiday Inn Express in Austinburg, OH, which sold for $5.6 million, and a 64-unit Holiday Inn Express in Newton Falls, OH, which sold for $4.4 million. The deal comes as HBI prepares to celebrate its 50th anniversary in 2009.

HREC

A 13-asset hotel portfolio in Missouri and Illinois has been successfully brokered by HREC Investment Advisors. The portfolio totaled 839 rooms and consisted of a Comfort Inn, two Comfort Suites and 10 Super 8 Motels. Ted Anka, vice president in HREC's Chicago office, handled the $39.5-million sale for Midwest Lodging Associates; the buyer is Shivam Hotel, LLC.

Hyatt Place Sarasota

RockBridge Capital has closed a first mortgage for development of a 114-room Hyatt Place in Sarasota, FL. The new property will sit directly across from the main entrance of the Sarasota International Airport. White's Lodging, Naples, FL is the sponsor.

Ritz-Carlton Denver

A $55-million mortgage loan for the Ritz-Carlton Denver has been arranged by Hodges Ward Elliott. The 202-room luxury hotel boasts the largest number of guestrooms in the city and is home to Elway's, a restaurant named for the former Denver Broncos quarterback.

Sagamore Resort

The Plasencia Group, serving as advisor to Green Island Associates, completed sale of the historic Sagamore Resort in Bolton Landing, NY. Sagbolt, LLC purchased the resort for just over $88 million in a transaction that closed on Sept. 16.

W South Beach Hotel

Madison Capital Management closed a $45-million B Note loan acquisition from Hypo Real Estate Capital Corporation. The loan is secured by a luxury oceanfront hotel and condominium project under construction in South Beach, FL. The W South Beach Hotel & Residences is scheduled to be completed next summer.