Avison Young Hospitality Group Discusses Recent Contracts
October 11, 2018 10:18am
ATLANTA – October 11, 2018 – Avison Young Hospitality Group announced today that it has contracted on 12 separate hotel sales over the past several weeks. The properties include three full-service Marriott hotels. The sales also include seven select service hotels that include, three Marriott-branded assets, three Hilton-branded assets, and one Hyatt-branded asset. In addition, the firm has contracted for a historic hotel on the New England coast and a resort hotel and golf course in the north central US.
In addition to the recently contracted hotels, the firm is running a call for offer process on 15 other assets within the next several weeks.
“Most sellers and buyers have realized that this is the timing window for real estate and that the transaction market may not look the same in six more months,” said. H. Keith Thompson, principal of the Avison Young Hospitality Group.
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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.
Avison Young Capital Markets Group is led by Justin R. Piasecki, a Principal in Avison Young’s New York City office. They specialize in hotel Debt, Joint Venture and Structured Capital Group. And focuses on raising hotel 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.
Contact: Justin Piasecki
Contact: H. Keith Thompson
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