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Monday, Oct 3, 2022
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American Property Management Selling Hotels

American Property Management Corp., a La Jolla-based firm that owns and manages some 50 hotels carrying various flags nationwide, recently sold one of its Hilton Garden Inns and has another on the market, according to a local real estate investment banking firm.

APMC sold the 148-room Hilton Garden Inn Tampa in Temple Terrace, Fla., for an undisclosed price to a partnership, including Noble Investment Group LLC and Somera Capital Management LLC. APMC had acquired the property in September 2004.

Neptune Hospitality Advisors of San Diego announced the sale this month.

APMC also has the 120-room Hilton Garden Inn in Rancho Mirage on the market, Mike Armstrong, president of Neptune Hospitality, said. The offering price was not announced.

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, Connie Lewis

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