Tuesday, November 23, 2010

Patrick Shine and David Bell Join Sceptre Hospitality Resources as Managing Directors of Select Service Hotels

DENVER, CO, Nov/ 23, 2010— Sceptre Hospitality Resources, a leading revenue generation and eCommerce firm specializing in the hospitality industry, today announced that Patrick Shine (top right photo) and David Bell (top left photo), co-founders of Results in Hospitality, have joined Sceptre as managing directors of select-service hotels.

 Their responsibilities include providing pre-opening sales and marketing, local sales and marketing blitzes and remote sales efforts to dramatically improve revenues for Sceptre clients.

“We continue to add depth and special experience to our team to support our goal of being the only company to provide the full range of sales and marketing services,” said Bill Linehan,(lower right photo) Sceptre’s chief marketing officer.

 “In effect, we are the only ‘one-stop,’ third-party sales and marketing shop in the hotel industry.  As a result, we can plug in the expertise to solve any revenue issue a hotel may incur.

“Patrick and David bring more than 50 years of hotel operations, technical, sales and marketing experience to the Sceptre portfolio of 500-plus hotels.

"They will provide our clients with an unparalleled direct sales ‘SWOT’ team that can jump-start a hotel’s top-line revenues at any stage of a hotel’s life from pre-opening to flag conversion, from shoulder seasons to slow periods. 

"They can add extra sales and marketing staff on a temporary, as-needed basis, as well as provide in-depth training and support to sustain revenue growth year-round,” he said.

“Our base program typically is an intense, three- to five-day onsite sales and marketing package aimed at helping hotels reach their full sales potential,” said Shine. 
Jerry Daly or Chris Daly, (703) 435-6293

Grubb & Ellis Healthcare REIT II Acquires Sylva Medical Office Building in North Carolina

SYLVA, N.C. /PRNewswire/ -- Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired Sylva Medical Office Building, a three-story, 45,000-square-foot, Class A single-tenant medical office building on the campus of Harris Regional Hospital in Sylva.  The acquisition closed on Nov. 15.   

Located at 98 Doctors Drive, Sylva Medical Office Building is on the campus of the 86-bed Harris Regional Hospital, an acute care facility that serves the residents of Jackson County and neighboring communities in western North Carolina.

 Carolinas HealthCare System, one of the leading healthcare organizations in the Southeast, manages the hospital on behalf of its owner, WestCare Health System. 
"Grubb & Ellis Healthcare REIT II is committed to building a diverse portfolio of income-producing healthcare-related properties that are accretive and supportive of our investor distribution," said Danny Prosky (middle right photo), president and chief operating officer. 

"This strategy allows us to provide our stockholders with dependable income and superior long-term financial performance."

Built in 2010, the property is leased to Harris Regional Hospital (middle left photo), which signed a long-term lease through 2025.   

Sylva Medical Office Building was acquired from CDP-Sylva LLC, an unaffiliated third party represented by Doug Connell, senior vice president, Investment Group in Grubb & Ellis Company's Atlanta office.

 Grubb & Ellis Healthcare REIT II financed the acquisition using $11.4 million in borrowings under its line of credit with Bank of America, N.A and cash proceeds received from its offering. 

As of Nov. 5, 2010, Grubb & Ellis Healthcare REIT II has sold approximately 12,068,577 shares of its common stock, excluding the shares issued under it distribution reinvestment plan, for approximately $120,375,000 through its initial public offering, which began at the end of the third quarter of 2009.

To date, the REIT has made 11 geographically diverse acquisitions comprised of 21 buildings valued at approximately $162 million, based on purchase price.

Damon Elder of Grubb & Ellis Company, +1-714-975-2659, damon.elder@grubb-ellis.com
 Web Site: http://www.grubb-ellis.com/