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Southbury Hilton in Southbury, Connecticut |
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| Elkins Park, PA, January 24, 2006 � Optimum
Hotel Brokerage announced today that the firm has closed on the sale
of the 200-room Southbury Hilton in Southbury, Connecticut. Joe McCann,
president of Optimum Hotel Brokerage, represented the seller in the transaction.
The full service hotel was purchased by Northstar Hotels, who have changed
the property�s franchise affiliation to the Crowne Plaza brand. Northstar
plans to renovate the property�s guest rooms and extensive ballroom and
meeting space.
Elkins Park, Pennsylvania-based Optimum Hotel Brokerage is a full service hotel brokerage firm. In addition to the sale of the Southbury Hilton, the firm�s sales within the past year include the legendary 1,639-room Palmer House Hilton in Chicago, Illinois, 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 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-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 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. 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. |
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Joe McCann, President
For more information, listings, or a complimentary
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�The
Southbury Hilton is a beautiful central Connecticut landmark. It�s
a full service, nationally branded hotel with all of the atmosphere and
comforts of a classic Connecticut country inn� explained McCann.
�The hotel is a convenient destination for leisure and business customers,
and the hotel�s diverse and luxurious ballrooms are host to many upscale
social events. Northstar was able to purchase the asset at a significant
discount to replacement cost, and I was pleased to broker a win-win deal
for both buyer and seller.�