September 10, 2012 - MENNA SELLS THREE MARRIOTT PROPERTIES

Tampa Bay Business Journal by Margaret Cashill, Staff Writer

Date: Monday, September 10, 2012, 2:18pm EDT

Menna Development and Management Inc. of St. Petersburg has sold three limited-service Marriott properties to MIG Real Estate LLC, a real estate investment company based in Newport Beach, Calif.

Properties changing hands are the Residence Inn Tampa Oldsmar, a 78-room hotel; the Courtyard Tampa Oldsmar, a 99-room hotel; and the Residence Inn Tampa Suncoast Parkway at NorthPointe Village, a 100-room hotel in Lutz.The hotel development and management group is building a 120-unit extended-stay property in downtown St. Petersburg, expected to be complete in the fall of 2013.

Menna’s portfolio also includes the full-service St. Petersburg Marriott Clearwater.In addition to hotels, Menna has been involved in the construction of restaurants, office parksand apartments, among other facilities.