| Fairfield, Connecticut, May 6, 2005 � Optimum Hotel Brokerage announced
today that the firm has closed on the sale of the Holiday Inn Express hotel
in Waterbury, Connecticut. Joe McCann, president of Optimum Hotel
Brokerage, represented the seller, KP Hotels, in the transaction.
The hotel was purchased by Nivitel Luemas LLC, a New Jersey-based full
service hotel operator.
�The Holiday Inn Express Waterbury is a prominent, quality asset in
an improving market� explained McCann. �It�s a fully renovated urban
mid-rise hotel and is convenient to central Connecticut�s numerous medical,
corporate, government, and leisure demand generators.�
 The eight-story, 111-unit Holiday Inn Express Waterbury is located in downtown Waterbury, visible and easily accessible from Interstate 84. The hotel features an outdoor pool and more than 2,000 square feet of meeting space. The hotel also leases office space to neighboring Saint Mary�s Hospital. Fairfield, Connecticut-based Optimum Hotel Brokerage is a full service hotel brokerage and hotel capital advisory service firm. In addition to the sale of the Holiday Inn Express Waterbury, the firm�s sales within the past year include the 304-room Crowne Plaza Meadowlands in Secaucus, New Jersey; the 350-room Crowne Plaza Hartford in Hartford, the 93-unit Days Inn Niantic in Niantic Connecticut; the 84-unit Hampton Inn Sturbridge in Sturbridge, Massachusetts; 153-Best Western Airport in Albany, New York; and the 170-unit Radisson Airport in Rochester, New York. Optimum Hotel Brokerage is also a member 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 75 hotel real estate broker specialists, HBI provides the hospitality industry with the 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 in 2003 and 2004. HBI also awarded McCann with the Portfolio Sale of the Year and Unique Deal of the Year awards. Optimum Hotel Brokerage�s principal is Joe McCann. Joe is a twenty-five year hotel industry veteran who has held senior management positions with Hilton and Marriott at their largest and most successful corporate and franchised properties. Joe holds a Bachelor of Science Degree in Hotel, Restaurant and Institutional Management from the Pennsylvania State University and a Master of Hospitality Management degree (with concentration in Hotel Finance) from the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. He has also completed advanced Finance, Real Estate Finance, Hotel Valuation, and New Venture Development courses offered by the University of Connecticut, the University of Texas, Cornell University, and the University of Houston�s Melcher Graduate School of Business. He has been an active broker and consultant in the hospitality industry, with assignments ranging from hotel feasibility projects to multi-unit restaurant development. For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com. For a complimentary valuation of your hotel, call 203-254-3904. |
