Avison Young Hospitality Group Recent Closings

/Avison Young Hospitality Group Recent Closings

Avison Young Hospitality Group Recent Closings

|2019-02-11T13:10:46-04:00February 11th, 2019|

ATLANTA – February 11, 2019 – Avison Young Hospitality Group announced today the closing of four transactions since the first of the year. The properties include a full-service Marriott in south Florida that sold for $49 million, a Marriott branded hotel in Bossier City LA, a historic hotel on the water in Rhode Island and a mid-market hotel in the southeast.

Since 2013, the Avison Young Hospitality Group has now closed 103 Marriott branded hotels, 71 Hilton branded assets, 49 IHG branded assets and 146 other braded hotels.

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 approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, and multi-family and hospitality sectors.

Contact: H. Keith Thompson

keith.thompson@avisonyoung.com/770.692.1605

About Avison Young Hospitality Group

Avison Young Hospitality Group currently has 182 hotels on the market totaling $2.6 billion in market value, and for the past six years, the firm has closed or advised on 369 hotel transactions. 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.

About the Avison Young Capital Markets Group

Justin R. Piasecki, a Principal in Avison Young’s New York City office, leads Avison Young Capital Markets Group. They specialize in hotel Debt, Joint Venture and Structured Capital Groups. Avison Young Capital Markets Group 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 Young 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.

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