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Maxim Hotel Brokerage Finishes 2012 Strong

 

Newport Beach, CA - January 11, 2013
-- Maxim Hotel Brokerage sold 17 hotels in the later months of 2012 with total value in excess of $175 million.  The transactions included the 384-room Hilton San Antonio Airport Hotel, the 347-room Hilton Kansas City Airport Hotel, the 360-room Hotel Suites of America in Las Vegas, Nevada, the 282-room Crowne Plaza in Richmond, Virginia, and a 12-hotel select service portfolio (Hilton and Marriott brands) located in the midwest and southeast. 
 
Maxim represented the Seller in each transaction, and the Purchasers included institutional investors as well as regional owner/operators. Harry Pflueger, Principal of Maxim Hotel Brokerage commented, “Our sales were a combination of fully marketed as well as off-market deals. Many purchasers prefer off-market deals and sellers realize that they can often get a fair price with a more efficient process.  Whether fully marketed or off-market, we have definitely seen an uptick in activity and we foresee it continuing into 2013.”
 
Jack Carr, also a Principal at Maxim, added, “2012 was a good year and our clients included some of the largest institutions in the country as well as individual owner/operators.”

Maxim has several active listings expected to sell including the 111-room Bishop’s Lodge Ranch Resort & Spa in Santa Fe, New Mexico (Call For Offers on January 30), 199-room Comfort Inn Paradise Rd. in Las Vegas, Nevada, 63-room La Casa del Zorro Resort in Borrego Springs, California, 212-room Hotel Scottsdale, as well as several off-market opportunities.
 
About Maxim Hotel Brokerage
Maxim Hotel Brokerage, Inc. has offices in Newport Beach and Las Vegas with a focus on Western US hotel transactions and gaming properties in Nevada. The company was formed in 2002 by Jack Carr (jack@maxim-hb.com) and Harry Pflueger (harry@maxim-hb.com). Please contact Maxim to learn about properties for sale, or if you are considering selling your property.

 

Contact:
Harry Pflueger
Phone: (949) 759-8739  Fax: (949) 640-4691
E-mail: harry@maxim-hb.com
http://www.maxim-hb.com/

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Also See: Maxim Hotel Brokerage Closes Four Hotel Transactions in May / June 2009

Maxim Hotel Brokerage Announces Western Region Hotel & Casino Transactions / April 2007

Maxim Hotel Brokerage, Inc. Arranges the Sale of the 60-room Holiday Inn Express - Green Valley, AZ / December 2004

Maxim Hotel Brokerage, Inc. Arranges the Sale of the 120-room Hilton Garden Inn Rancho Mirage, CA / October 2004

Maxim Hotel Brokerage and BCL Hospitality Advisors, LLC Structure the 711-room Hotel San Remo Casino and Resort – Las Vegas, NV and Hooters Joint Venture / September 2004

Maxim Hotel Brokerage, Inc. Arranges the Sale of the 128-room Hampton Inn – Las Vegas (Summerlin), NV / July 2004

Maxim Hotel Brokerage, Inc. Completes Three Deals in the 3rd Quarter / September 2003


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