Jul 22

APG’s Geoff Loftin Represents Buyer in Sale of Downtown Raleigh Hotel

APG Advisors congratulates Geoff Loftin for brokering the sale of the DoubleTree Hilton, known as the Brownstone Hotel before undergoing renovations in 2011, in a deal worth over $40 million. Geoff represented the buyer,  Core Spaces, who plans to demolish the 190-room hotel that was built in 1966 and build luxury student housing in its place. Geoff previously represented Core Spaces in the purchase of Stanhope Apartments.

You can read more about the transaction on the Triangle Business Journal here.