Hotel Online News for the Hospitality Executive March 18, 2013 – Paramount Lodging Advisors served as exclusive advisor to LNR Partners on the sale of the 73-room Hampton Inn Marshall, 66-room Holiday Inn Express in Marshall, the 60-room Holiday Inn Express in Adrian and the 51-room Super 8, also located in Adrian. PLA’s Brent Clemens, Bennett Webster and Michael Kitchen marketed the assets on the behalf of the seller. PLA took the properties to market late last year utilizing the Auction.com platform. The hotels sold to private buyers at undisclosed pricing and will continue to operate under their respective flags. “Given our extensive work experience in Michigan and all of the state’s sub markets in recent years, we were able to generate strong buyer volume to facilitate the bidding process,” said PLA’s Webster. These transactions are indicative of Paramount’s continued success in Michigan. PLA completed more than half of all hotel transactions in Michigan in the past six months.
About Paramount Lodging Advisors Paramount Lodging Advisors is a hotel advisory and brokerage firm specializing in the acquisition, asset management, debt and equity placement, and disposition of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com
Contact:
Paramount Lodging Advisors Anna Hargraves 939 W North Avenue Suite 750 Chicago, IL 60642 312.239.0166
[email protected]www.paramountlodging.com
Also See: Paramount Lodging Advisors – PLA selected to advise in the sale of the Hilton Garden Inn Elko, Nevada / October 2011 Paramount Lodging Advisors Sells Country Inn & Suites in Tempe/ASU, Arizona / July 2011