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ALIS UPDATE: Optimum Hotel Brokerage Posts Record Sales in 2011

Distressed Hotel Assets Drive Deal Volume

Los Angeles, CA, January 24, 2012Optimum Hotel Brokerage announced today that the firm achieved record sales in 2011.  The transaction volume of assets sold was primarily driven by an increase in distressed hotel asset transactions.  The announcement was made today by Joseph R. McCann, Optimum’s president, at America’s Lodging Investment Summit conference in Los Angeles.

In addition to brokering a number of more traditional lodging sales in 2011, Optimum Hotel Brokerage was able to market and close almost every single classification of distressed lodging asset imaginable” said McCann.  “Due to our relationships and track record with lenders, regional banks, servicers and the legal community, we were able to successfully complete  number of mortgage note sales, bank REO property sales, a 363 bankruptcy auction sale, a structured short sale, even a distressed hotel asset held within a contested estate.  Sellers of distressed hotel assets recognize our in-depth knowledge of Northeast markets and appreciate our ability to leverage the competitive nature of the distressed asset market to achieve optimum value.”

In addition to distressed assets sold in 2011,
Optimum Hotel Brokerage closed on the sale
of the 176-room Holiday Inn Columbia, located
on I-95 in the Baltimore/Washington market.

A few of the distressed hotel assets Optimum Hotel Brokerage brokered in 2011 include the Spencer Suites (REO Sale) in Manchester, Connecticut; the Days Inn and Suites (Note Sale) in Groton, Connecticut, the Hampton Inn Lehighton (Note Sale) in Lehighton, PA; the JFK Plaza Hotel (363 Bankruptcy Sale) in New York City; the Inn at Panther Valley (Structured Short Sale) in Allamuchy, New Jersey; the York View Hotel (REO Sale )in York, PA; the Skyview Plaza Hotel (Note Sale) in Philadelphia, PA; and the Litchfield Inn (Estate Sale) in Litchfield, Connecticut.

Philadelphia-based Optimum Hotel Brokerage is also a member and Joe McCann is president of Hotel Brokers International, the world’s largest and oldest hospitality real estate organization, which has a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services.  Comprised of some 50 hotel real estate broker specialists, HBI provides the hospitality industry with its most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach.  Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI’s Broker of the Year for the Northeast Region for many years.  HBI has also awarded McCann with the Portfolio Sale of the Year, and Unique Deal of the Year.  Optimum Hotel Brokerage and Joe McCann was awarded HBI’s prestigious Broker of the Year Award in 2006.  Optimum Hotel Brokerage is also a provider of expert witness testimony in hotel bankruptcy, distressed hotel litigation, franchising, and hotel operations.

Mr. McCann is president of the Penn State Hotel and Restaurant Society, representing the more than 7,000 alumni of Penn State's renowned School of Hospitality Management.  Optimum Hotel Brokerage has endowed scholarships at the school to provide financial assistance to students demonstrating financial need.

In March 2011 Optimum Hotel Brokerage was hired
by New York Bankruptcy Court to execute the 363
Bankruptcy
Sale of the JFK Plaza Hotel at New York’s
JFK
International Airport.  The property was sold to
an international hotel investor.

For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com.  For a complimentary valuation of your hotel, call 215-572-7711.

..
.Contact:

Joe McCann, President
Optimum Hotel Brokerage
23 Breyer Court
Elkins Park, PA 19027
Phone: 215-572-7711,  Fax: 215-572-7570
joe@optimumbrokerage.com

For more information, listings, or a complimentary
hotel valuation, visit www.optimumbrokerage.com


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Also See: Optimum Hotel Brokerage Sells Spencer Suites; Connecticut REO Property Sold for California Bank / January 2012

Optimum Hotel Brokerage Sells First Mortgage Note on Days Inn & Suites Groton; Connecticut Extended Stay Note Sold for Regional Bank / October 2011

Optimum Hotel Brokerage Sells First Mortgage Note on Skyview Plaza Hotel; Philadelphia Full Service Hotel Note Sold for Regional Bank / August 2011

Optimum Hotel Brokerage Sells Holiday Inn Columbia; Washington/Baltimore Market Full Service Hotel Sold to Local Operator / July 2011

Optimum Hotel Brokerage Sells Litchfield Inn; Litchfield Hills Connecticut Boutique Hotel Sold / June 2011

Optimum Hotel Brokerage Sells JFK Plaza Hotel; Represented Trustee in Bankruptcy Sale of New York City Hotel / June 2011

Optimum Hotel Brokerage Sells Bank REO Hotel; Pennsylvania Distressed Hotel Sold for Regional Bank / June 2011

HBI Brokers Sell Hampton Inn; Optimum Hotel Brokerage and ProCom Lodging Brokers, Inc. Team Up to Sell Upstate New York Hotel for $97,500 per Room / May 2011

Optimum Hotel Brokerage Sells Inn at Panther Valley; New Jersey Boutique Sold with Cooperation from Regional Bank / January 2011

Optimum Hotel Brokerage Sells Hampton Inn First Mortgage Note; Note Sold for 90% of Mortgage Balance / December 2010

Optimum Hotel Brokerage Advises on Sale of Crowne Plaza in Enfield, Connecticut; Distressed Connecticut Full Service Hotel Sold / December 2009

Optimum Hotel Brokerage Sells Kenilworth Inn in Kenilworth, New Jersey; Garden State Independent Boutique Sold to Multi-Unit Operator and Developer / April 2008

Optimum Hotel Brokerage Sells Best Western Berkshire Inn In Danbury, Connecticut / March 2008

Optimum Hotel Brokerage Earns Broker of the Year Award for New England/Mid-Atlantic Region at 2008 Hotel Brokers International Convention / January 2008

Optimum Hotel Brokerage Advises on Sale of Motel 6 in Augusta, Maine / January 2008

Optimum Hotel Brokerage Sells Westport Inn in Westport, Connecticut; Boutique Connecticut Country Inn Sold to New York Developer / October 2007

Optimum Hotel Brokerage Sells Holiday Inn Express in Plainfield, Connecticut; Connecticut Casino Region Hotel Sold to New York-Based Operator / September 2007

Optimum Hotel Brokerage Earns Many Top Sales Awards Presented at 2007 Hotel Brokers International Convention / February 2007

Optimum Hotel Brokerage Announces Recipients of Optimum Hotel Brokerage Hospitality Management Scholarships; Four Students at Penn State’s School of Hospitality Management Awarded Scholarships / January 2007

Optimum Hotel Brokerage Sells Best Western Colonial Hotel and Conference Center; Hartford, Connecticut Hotel Sold to Regional Operator / October 2006

Optimum Hotel Brokerage Sells Comfort Inn & Suites Brandywine Valley; Suburban Philadelphia Hotel Sold to Regional Operator / September 2006

Optimum Hotel Brokerage Sells Days Hotel Airport in Rochester, New York / February 2006

Optimum Hotel Brokerage Sells Best Western Hotel in Lawton, Oklahoma; Teams with HBI Member-Broker Alan Brock and Associates to Sell Full Service Hotel / Februray 2006

Optimum Hotel Brokerage Named Hotel Broker of the Year at 2006 Hotel Brokers International Convention / Februray 2006

Optimum Hotel Brokerage Brokers Sale of Southbury Hilton in Southbury, Connecticut / January 2006

Optimum Hotel Brokerage Opens New Headquarters Office in Philadelphia / November 2005

Joe McCann of Optimum Hotel Brokerage Brokers Sale of Chicago’s Legendary Palmer House Hilton, Represents Thor Properties in $230 Million Transaction / August 2005

Optimum Hotel Brokerage Sells Holiday Inn  Express in Waterbury, Connecticut / May 2005

Optimum Hotel Brokerage Sells Days Inn in Niantic, Connecticut / March 2005

Optimum Hotel Brokerage Sells Crowne Plaza® Secaucus Meadowlands Hotel / January 2005

Optimum Hotel Brokerage Sells 350 Room Crowne Plaza® Hotel in Hartford, Connecticut / November 2004

Optimum Hotel Brokerage Sells Hampton Inn in Sturbridge Massachusetts / July 2004

Optimum Hotel Brokerage Joins Hotel Brokers International / May 2003

Industry Veteran Launches Hotel Brokerage Firm: Optimum Brokerage / December 2001


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