ATLANTA – September 14, 2017 – The Avison Young Hospitality Group announced today that it has brokered 25 hotels this summer that were located throughout the U.S. from New York City to San Francisco. Full-service hotels, select-service hotels, historic hotels, extended-stay hotels and all-suite hotels were all included in these sales. Pricing of the hotels ranged from $46 million to sub-$10 million and room counts ranged from 400-room full-service to 100-room select-service assets.
The brokers involved in these closings spanned the entire practice group.
“Today we have 231 hotels on the market priced from sub-$10 million to $900 million, including 78 single engagements,” said H. Keith Thompson, principal at Avison Young. “At any given time, we only display a few offerings on our website and they are typically single off deals and lender controlled sales. The majority of our offerings are by private invitation only. Looking ahead, we see a significant market curve and anticipate an aggressive buying market, in which we expect to close as many transactions as possible before the market shifts.”