CBRE Hotels Sells Red Roof Inn Columbus East

Columbus, Ohio – December 20, 2013 – CBRE Hotels is pleased to announce the sale of the Red Roof Inn Columbus East, located at 2449 Brice Road in Reynoldsburg, Ohio, to AP Hotels, LLC. A new 20-year license was provided with the Product Improvement Plan (PIP).

The 108-room, two-story, exterior corridor Red Roof Inn is located only ten miles from downtown Columbus. The hotel provides convenient access to many demand generators including Nationwide Children’s Hospital, Franklin Park Conservatory, Greater Columbus Convention Center, Easton Town Center, Ohio State University (OSU) and the National Trail Raceway. Important amenities such as Boston Market, Tim Horton’s and Red Lobster are all within walking distance.

Eric Belfrage, First Vice President of CBRE Hotels in Columbus, and Tom Ives, Senior Vice President of CBRE Hotels in Atlanta, advised the seller, FMW RRI NC, LLC, in this transaction.

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.