News for the Hospitality Executive |
Philadelphia Full Service Hotel Note Sold for Regional Bank
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. “The seventeen-story hotel is convenient to Interstate 76, Philadelphia International Airport, the US Naval Business Center, and the Philadelphia Stadium Complex”, said McCann. “Optimum Hotel Brokerage is active in the distressed hotel and note-sale market, and we’re able to target the marketing process to bring our clients efficient, non-contingent transactions. We were able to take the note’s transaction from listing to closing in fewer than 6 weeks.” Optimum Hotel Brokerage has brokered numerous distressed hotel assets in the past six months, including the Hampton Inn Lehighton in Lehighton, Pennsylvania, the Inn at Panther Valley in Allamuchy, New Jersey, the York View Hotel in York, Pennsylvania, and the Litchfield Inn in Litchfield Connecticut. Optimum Hotel Brokerage is also a member and Joe McCann is president 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 50 hotel real estate broker specialist s, HBI provides the hospitality industry with its 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 for many years. HBI has also awarded McCann with the Portfolio Sale of the Year, and Unique Deal of the Year. Optimum Hotel Brokerage and Joe McCann was awarded HBI’s prestigious Broker of the Year Award in 2006. Optimum Hotel Brokerage is also a provider of expert witness testimony in hotel bankruptcy, distressed hotel litigation, franchising, and hotel operations. Mr. McCann is president of the Penn State Hotel and Restaurant Society, representing the more than 5,000 alumni of Penn State's renowned School of Hospitality Management . Optimum Hotel Brokerage has endowed scholarships at the school to provide financial assistance to students demonstrating financial need. 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 hotel valuation, visit www.optimumbrokerage.com |