ATLANTA – June 2, 2021 – Avison Young Hospitality Group announced that the firm closed 10 hotel transactions for the month of May. The transactions covered many geographical areas and covered many hotel brands. Sellers represented large cap companies, lenders, banks and CMBS special servicers. The last deal of the month to close was a 400-room full-service Marriott in the northeast US led by Michael Bernath and Brad Sinclair.
Keith Thompson said,
“The closings for May were widespread and leaned toward the upper tier brands in commercial areas. It was good to see corporate hotels transacting at a more brisk pace than over the last 15 months. It is our expectation that the second half of 2021 will be a much stronger investment cycle than the second half of 2020.”