Avison Young Hospitality Group First Quarter Review

/Avison Young Hospitality Group First Quarter Review

Avison Young Hospitality Group First Quarter Review

|2018-03-20T13:23:44+00:00March 20th, 2018|

ATLANTA – March 20, 2018 – The Avison Young Hospitality Group announced today that it expects to end the first quarter of 2018 having closed one hotel every week. The most notable sales included a full-service Marriott Hotel in the Chicago MSA and a Homewood Suites in downtown Nashville. The balance of closings included four other Hilton/Marriott select service hotels located throughout several regions and additional brand family closings.

Avison Young Hospitality brokers involved in the sales were Brad Sinclair, Andy Broad, Chris Stark, Michael Bernath, Rick George, Wendy Blissett, Rex Cagle, Thierry Roch and John James.

“For the past six months we have advised clients that the sale cycle has, or is, peaking and disposition decisions should be viewed as either acting now or holding for five to six years” said H. Keith Thompson. “We believe this advice is even more timely than it was six months ago.”

About Avison Young

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 2,400 real estate professionals in 79 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.

About Avison Young Hospitality Group

Avison Young Hospitality Group is a national hotel practice group supported by 69 North American office locations and 2300 people. The firm currently has 183 hotels on the market totaling 3.2 billion in market value and for the past five 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.

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