Avison Young Hospitality Group Debt, Equity and Structured Finance Team Announces Closings
October 10, 2018 11:31am
ATLANTA – October 10, 2018 – Avison Young Hospitality Group announced today that its capital markets team recently closed seven new hotel debt transactions totaling $148,250,000. The Debt, Joint Venture and Structured Capital team is led by Justin Piasecki and John Bralower from the New York Avison Young offices.
“There has been a big void in the hospitality finance space over the past few years due to tight banking regulations,” said principal Justin Piasecki. “We made a strategic decision to make sure that we know who all of the first mortgage financing, Mezzanine/Preferred Equity groups are who are focused on the hotel sector. In many cases we have clients coming to us looking for two pieces of the capital stack, and we’re able to help them get higher proceeds than what they would traditionally be offered.”
The Avison Young Capital Markets team is also engaged in 10 other debt and joint venture placements totaling $269,000,000 across most US regions. These recent closings and new engagements represent hotel assets across upscale brand families and cover hotels from luxury, full-service, boutique hotels to upscale select service assets.
“Our finance team is the best of the best in hotel debt placement and have closed some very market maker hotel transactions,” said principal Keith Thompson. “The amount of debt they have closed recently and are engaged on today in the hospitality space shows great depth of underwriting skill and extensive relationships within the hospitality industry.”
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Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
Avison Young Hospitality Group is a national hotel practice group supported by 84 office locations, in 75 Markets and 2600 people. The firm currently has 165 hotels on the market totaling 2.7 billion in market value and for the past six years, the firm has been involved in one hotel transaction every five days. Avison Young Hospitality Group specializes in select service and full-service hotels within the U.S. and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The hospitality group can be found at www.avisonyoung.com under the “services” tab.
Justin R. Piasecki is a Principal in Avison Young’s New York City office in the Debt, Joint Venture and Structured Capital Group. The group focuses on raising Debt, Equity, Mezzanine Financing and Preferred Equity for Real Estate Developers/Investors across the United States, Canada, Caribbean and Europe. The Avison Team also handles the sale of Performing/Non-Performing Loans for Banks, Funds and Family Offices as well as raising Lines of Credit for Bridge Lenders across the United States.
Piasecki draws upon his contacts and background from over 15 years of secondary market experience, with 7 years at Avison Young as a Principal. Mr. Piasecki has been recognized in the industry with various awards: Dallas CEO Magazine 2017 Best Commercial Property Sale/Financing, 2017 Dallas Business Journal Best Deal of the Year, New York: The New Players of Commercial Real Estate and CRE Finance for the Commercial Observer (November 2015), Avison Young’s 2014 Circle of Excellence (September 2015), Mortgage Observer’s 20 under 35 (October 2013), “The Real Deal Magazine” as one of the Top 35 under 35, Up and Coming Real Estate Moguls in NYC (April 2011) and to Real Estate Forum Magazine Top 40 under 40 in Commercial Real Estate (October 2011). Mr. Piasecki is a graduate of Rutgers University where he received a BS in Political Science and was a four-year letter winner on the men’s basketball team. He is also a member of the Urban Land Institute, Asian American Hotel Owners Association (AAHOA), Rutgers University Men's Basketball Board of Advisors.
Contact: Justin Piasecki
Contact: H. Keith Thompson
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