/
|
|
|
in Rochester, New York |
.
| Elkins Park, PA, February 24, 2006 � Optimum
Hotel Brokerage announced today that the firm has closed on the sale
of the 153-unit Days Hotel Rochester Airport in Rochester, New York.
Joe McCann, president of Optimum Hotel Brokerage, represented the seller
in the transaction. The full service hotel was purchased by a regional
management company, who plans an extensive renovation and repositioning
of the asset to a Quality Inn.
The hotel sits on more than 10-acres and features a restaurant and lounge,
outdoor swimming pool and more than 3,000 square feet of meeting space.
�The Days Hotel Rochester is a well-located full service asset, highly
visible and accessible to Interstate 390 and five minutes to Rochester
International Airport� explained McCann. �The hotel was underperforming
in its competitive set, but its location and physical attributes presented
the buyer with great investment potential through hands-on management,
renovation, repositioning and harvesting the property�s real estate value�
he further elaborated. �I was pleased to work with the buyer and
seller to craft a win-win deal for both parties�
Elkins Park, Pennsylvania-based Optimum Hotel Brokerage is a full service hotel brokerage firm. The firm�s sales within the past fourteen months include the 1,639-room Palmer House Hilton in Chicago, the 148-room Best Western in Lawton, Oklahoma, the 197-room Southbury Hilton in Southbury, Connecticut, the 161-unit Holiday Inn Express Waterbury in Waterbury, Connecticut, the 100-room Days Inn in Niantic, Connecticut, the 153-unit Days Hotel in Rochester, New York, the 304-room Crowne Plaza Meadowlands in Secaucus, New Jersey and the 350-room Crowne Plaza Hartford in Hartford, Connecticut. Optimum Hotel Brokerage expanded its operations and opened their Philadelphia headquarters office in November 2005. 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 has also awarded McCann with the Portfolio Sale of the Year award in 2004 and Unique Deal of the Year award in 2004 and 2005. Most recently, Optimum Hotel Brokerage and Joe McCann were awarded HBI�s prestigious Broker of the Year Award for 2005. Optimum Hotel Brokerage�s principal is Joe McCann. Joe is a twenty-seven 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 Bauer 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. Optimum Hotel Brokerage has recently endowed a Trustee Scholarship at the Pennsylvania State University. The scholarship will provide financial assistance to students demonstrating financial need at Penn State�s School of Hospitality Management. For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com. For a complimentary valuation of your hotel, call 215-572-7711. |
|
Joe McCann, President
For more information, listings, or a complimentary
|
