 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. |
