Avison Young Hospitality Group Announces Closings
November 1, 2017 12:09pm
ATLANTA – November 1, 2017 – The Avison Young Hospitality Group announced today that it has closed 33 hotel transactions over the past 22 weeks. It also announced the hotel practice group has closed 318 hotel transactions since 2013 consisting of 91 Marriott, 68 Hilton, 42 IHG, 27 Choice, 16 Red Roof, 14 Wyndham, 7 Carlson and 53 other branded, historical or independent hotels.
“The market is still in the window of this up-cycle,” said H. Keith Thompson principal at Avison Young. “This cycle began in spring of 2010 and its duration is well beyond what most expected. Based on new debt, maturing CMBS debt, public markets and new supply, we see the cycle softening soon.”
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Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 80 offices providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
Contact: Mike Rieman
Avison Young Hospitality Group is a national hotel practice group supported by 69 North American office locations and 2300 people. The firm currently has 274 hotels on the market totaling 3.9 billion in market value and for the past five years, the firm has been involved in one hotel transaction every five days. Avison Young Hospitality Group specializes in select service and full service hotels within the U.S. and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The hospitality group can be found at www.avisonyoung.com under the “services” tab.
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