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Paramount Lodging Advises on Sale of Four Michigan Hotels
on Behalf of LNR Partners

March 18, 2013 - Paramount Lodging Advisors served as exclusive advisor to LNR Partners on the sale of the 73-room Hampton Inn Marshall, 66-room Holiday Inn Express in Marshall, the 60-room Holiday Inn Express in Adrian and the 51-room Super 8, also located in Adrian. PLA’s Brent Clemens, Bennett Webster and Michael Kitchen marketed the assets on the behalf of the seller. PLA took the properties to market late last year utilizing the Auction.com platform. The hotels sold to private buyers at undisclosed pricing and will continue to operate under their respective flags. "Given our extensive work experience in Michigan and all of the state’s sub markets in recent years, we were able to generate strong buyer volume to facilitate the bidding process," said PLA's Webster. These transactions are indicative of Paramount’s continued success in Michigan. PLA completed more than half of all hotel transactions in Michigan in the past six months.
 
About Paramount Lodging Advisors  
Paramount Lodging Advisors is a hotel advisory and brokerage firm specializing in the acquisition, asset management, debt and equity placement, and disposition of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com



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Contact: 

Paramount Lodging Advisors
Anna Hargraves
939 W North Avenue Suite 750
Chicago, IL 60642  
312.239.0166  
ahargraves@paramountlodging.com
www.paramountlodging.com


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Also See: Paramount Lodging Advisors – PLA selected to advise in the sale of the Hilton Garden Inn Elko, Nevada / October 2011

Paramount Lodging Advisors Sells Country Inn & Suites in Tempe/ASU, Arizona / July 2011


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