Paramount Lodging Advisors Successfully Completes another Iowa Transaction with the Sale of the Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA
December 17, 2018 1:36am
Cedar Rapids, IA - Paramount Lodging Advisors (PLA) has successfully executed the transaction of the 83-room Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA. Managing Director Adam Montufar and Associates Lindsey White and Beau Mullenix represented the seller in the sale.
This transaction presented the buyer with the ability to capitalize on in-place operational efficiencies and increasing revenues generated from the expanding Cedar Rapids market. Upon completion of the property improvement plan (PIP), the buyer should be ideally positioned to further penetrate the market.
“Cedar Rapids continues to experience measured growth in nearly all-key economic indices including population trend, job growth, residential home building, commercial development, and public investment. Several area major employers have publicly announced or begun aggressive capital expenditure programs in recent years,” stated Adam Montufar.
The Holiday Inn Express is the PLA Iowa office’s third successful transaction in Eastern Iowa in the past 30 days.
paramount lodging advisors,
commercial real estate
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 about PLA, please visit www.paramountlodging.com.
Contact: Jacki Bubis
Times Square Hotel Goes to Auction on RealINSIGHT Marketplace on April 8th
Paramount Lodging Advisors Sells Ocean Front Gold Beach Inn, Ireland’s Rustic Lodges & RV Park and Ireland’s Commercial Income Property in OR
Paramount Lodging Advisors Sells Bakersfield, CA Four Points by Sheraton Hotel
U.S. Hotels: Who’s Buying?
Paramount Lodging Advisors (PLA) Sells the Hampton Inn & Suites Federal Way/Seattle Washington
Paramount Lodging Advisors Successfully Completes Another Texas Transaction with the Sale of the Courtyard by Marriott in Beaumont, TX
Why More Consolidation Is on the Cards for Hotels
Paramount Lodging Advisors Sells Washington Red Lion Hotel
Paramount Lodging Advisors Launches Subsidiary, Paramount Capital Advisors
Paramount Lodging Advisors (PLA) Sells the Four Points by Sheraton & Banquet Center Sacramento International Airport
Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites
Paramount Lodging Advisors (PLA) Leads the Successful Sale of the Downtown Milwaukee Hyatt Regency
Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX
CBRE Hotels Arranges Sale of the West Inn & Suites Carlsbad
Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO
DiamondRock Acquires The Landing Resort & Spa in Lake Tahoe, California for $42 Million, or $545,000 Per Key
Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market
2017 Year In Review: US Hotel Transactions
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
2018 Commercial Real Estate Lending Predictions
Please login or register to post a comment.