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July 14, 2016

Beach hotel sold in Newport, Oregon

Denver-based HREC Investment Advisors said it arranged the sale of the 148-room Best Western Agate Beach Resort in Newport, Oregon, to an affiliate of Vesta Hospitality, which owns and operates U.S. resorts and hotels. Mike Armstrong and Mike Cahill represented the private seller. Armstrong said Vesta plans a multi-million-dollar upgrade for the hotel, which is on Highway 101 west of Portland and Eugene.




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