CooperWynn Real Estate Completes the Sale of the Holiday Inn Express Albuquerque -I 40/Eubank
February 14, 2018 12:33pm
Park City, UT – February 14, 2018 – As exclusive agent to Express Investments, Inc., CooperWynn Commercial Real Estate, is pleased to announce the sale of the 104-room Holiday Inn Express located at 10330 Hotel Circle in Albuquerque, New Mexico to Dallas based Newstream Hotels & Hospitality, a subsidiary of Newstream Commercial. Built in 1994, the property is well located on the northeast corner of the intersection of Interstate 40 and Eubank Blvd NE proximate to major demand generators such as Kirkland Airforce Base and Sandia National Laboratories.
“The property was in excellent physical condition and garnered significant interest from the investment community”, commented Stan Kozlowski of CooperWynn. “We were pleased to be able to assist the seller in their sales strategy, marking our second New Mexico transaction in as many months.”
“We are always glad to help our partners consummate transactions while being able to increase property operations and efficiencies throughout the process,” said Michael Gallegos of Pacific Pearl Hotels. “We have been working with the seller on this and other properties for approximately 25 years.”
“We are happy to have worked with CooperWynn and Hospitality Management Corporation to add this hotel to our portfolio, and look forward to many more,” commented Scott Tarwater of Newstream.
Tags: holiday inn express albuquerque,
cooperwynn real estate,
CooperWynn was formed in 2012 and is led by two senior principals, Stan Kozlowski and Steven Pollak, who have completed nearly $3.0 billion in various hospitality-specific transactions as well as over 100 investment underwriting and strategic advisory assignments during their combined 55-year careers. CooperWynn provides comprehensive expertise in the debt and equity capital markets as well as in the acquisition and disposition of all varieties of lodging products. CooperWynn believes that only by maximizing revenues and controlling flow through to the bottom line can valuations be maximized. They use this approach with all their clients. For more information please visit www.cooperwynn.com.
Contact: Stan Kozlowski
Avison Young Hospitality Group First Quarter Review
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market
CooperWynn Real Estate Completes the Sale of the Iconic Sagebrush Inn & Suites
Sonnenblick-Eichner Company Arranges the Sale of the 153-Room Hampton Inn Southcenter Hotel in Seattle, WA
HMC to Manage 104-Room Holiday Inn Express in Albuquerque, New Mexico
4 Ways to Win the Hearts and Contracts of Meeting Planners
Avison Young Hospitality Group Announces Summer 2017 Closings
Avison Young Hospitality Group Announces Recent Closings
How to Find (And Keep) the Best Hotel Sales Talent Right Now: Tips From Tambourine’s DOSM-in-Residence
STOP Selling to the Masses. Start by Creating Guest Personas
Atlanta Leads All U.S. Markets in Transaction Volume
HSMAI Foundation Releases Publication on the Evolution of Hotel Sales
Top 10 Things Great DOSM's Do Every Day: #5 is a Must!
Better Focus On Using Lead Tracking Could Increase Hotel Sales Closings
The Plasencia Group Announces the Sale of the DoubleTree Grand Key Resort in Key West, Florida
Please login or register to post a comment.