Announces the Sale of Hospitality Portfolio

On behalf of CMS/Proc Hospitality Holdings II, LP, Merion Realty Partners, with its JV partners, has completed the sale of its last property in a 6 property portfolio of Holiday Inn hotels owned across the United States. The Holiday Inn Fresno was sold on January 5, 2016 and was preceded by two sales in December 2015 of the Holiday Inn Cheyenne and Holiday Inn Billings. The three other hotels, Holiday Inn City Center – Fort Smith, AR, Holiday Inn Hotel & Towers – Lubbock, TX and Holiday Inn Park Plaza – Lubbock, TX were sold in November 2014 and September 2013, respectively.

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