Close

Cart

Total $0.00

Checkout

Indianapolis, IN -- Paramount Lodging Advisors (PLA) is pleased to announce four transactions in Indiana over the last 14 days – starting with the sale of the Quality Inn South Bend and the Quality Inn Indianapolis. The properties were sold to a single buyer for an undisclosed amount. Managing Directors Bennett Webster and Brent Clemens, Senior Associate Mike Schlictman, and Associate Hussain Waseem represented the seller in these transactions.
 
The 246-room portfolio was ideally positioned next to the University of Notre Dame in South Bend and the I-465 Beltway in Indianapolis. The buyer was looking to substantially supplement the cash flow of their existing hotel portfolio.

In addition to the above sales, the PLA team also transacted on the 137-room Waterfront Hotel and Conference Center in Indianapolis and the 84-room Van Buren Hotel in Shipshewana for separate sellers. 

Senior Associate Mike Schlictman said, “The sales bring us to 12 consecutive, successful engagements in Indiana and we are looking to continue that success for both our institutional and private clients."

About Paramount Lodging Advisors

Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information regarding PLA, please visit www.ParamountLodging.com.

Contact: Jacki Bubis

jbubis@paramountlodging.com / 3122390166

Related News

Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX

Hotel Capital Acquires The Tremont Chicago Hotel at Magnificent Mile and Mike Ditka’s Restaurant

U.S. Hotel Deal Pace Going Strong

Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO

Avison Young Hospitality Group Discusses 2018 Hospitality Market Trends

AccorHotels Acquires Mövenpick Hotels & Resorts for U.S. $567 Million

Avison Young Hospitality Group Releases Timely Video Discussing Q2 Hospitality Trends

Avison Young Hospitality Group First Quarter Review

Maxim Hotel Brokerage Announces Several California, Nevada, Arizona and Portfolio Hotel Closings

Australia Gives Go Ahead for AccorHotels Acquisition of Mantra Group

Hotel Transactions in India: What Will Move the Needle?

Hotel Sales Volume Declines, Average Price Per Room Increases Moderately

Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market

RLH Corporation Executes Five Hotel Purchase and Sale Agreements

Avison Young Hospitality Group Has Another Strong Year in 2017

Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land

Paramount Lodging Advisors Breaks Ground On New Chicago Office

Rockbridge, in a Joint Venture with Musselman Hotels Management, Acquires Kentucky's Seelbach Hilton Hotel

Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets

Sonnenblick-Eichner Company Arranges $16,750,000 of First Mortgage Acquisition Financing for the Normandy Hotel, Washington, D.C.

All News »

Please login or register to post a comment.