ATLANTA – November 12, 2020 – Avison Young Hospitality Group announced the firm has closed 39 hotel transactions year to date through the pandemic. The transactions were located in 13 states from Colorado to Connecticut, across most of the brand families, and all the closings were under 200 rooms. The firm has an additional 19 hotel transactions under sale agreement with the closings scheduled over the next several months.
H. Keith Thompson said, “while Avison Young’s performance this year pales in comparison to previous years, due to COVID, 2020 has proven to be the most difficult transactional environment in my career. That said, we are still able to close transactions on a selected basis and it is our expectation that 2021 will prove to be a more transaction friendly environment.”