avison young hospitality group
Avison Young 2021 Transactions
Avison Young | March 25, 2021
ATLANTA – March 25, 2021 – Avison Young Hospitality Group announced today that the firm has just closed its 14th hotel transaction of the 2021 year. The closed hotel transactions were across many brand families and located from California through the Midwest and eastern seaboard states. Most of the assets were in the mid-market to upper mid-market tiers. Keith Thompson said, “We are beginning to see transactions close at the best rate since the start of COVID and it is our expectation that 2021 will be a much stronger investment cycle than the second half of 2020.”...
Avison Young Closes Hotel Loan Portfolio
Avison Young | March 25, 2021
ATLANTA – March 25, 2021 – Avison Young Hospitality Group announced today that the firm has closed on a hotel loan portfolio led by Avison Young principal, Andrew Broad. The portfolio consisted of multiple hotel loans in the Carolinas secured by upper midscale Marriott branded hotels. Andrew Broad, Principal said, “This portfolio loan sale represents what could be the next transaction market cycle. MCR Development was the purchaser of the portfolio and we have deep history with them. In the 2021 hotel transaction market, the greatest character traits a buyer can have is, credibility, capability, and the willingness to do what they sa...
Things We Didn’t See Coming
H. Keith Thompson | March 2, 2021
By H. Keith Thompson The past year has been great for a few hotel segments and very difficult for many others. I have personally been through many cycles and this past year has been like no other. A shift has occurred that many people didn’t see coming and most certainly, I didn’t see coming. Given this, I thought I would list a few changes that have come out of the past year. - Old exterior corridor hotels are back in vogue. By their original construction design, they have built in social distancing. - The great relocation. Mass exodus from urban core centers. - Most all demand generators from 2019 have changed significantly and ma...
Avison Young Transaction Volume on the Rise
Avison Young | February 24, 2021
ATLANTA – February 24, 2021 – Avison Young Hospitality Group said today that their hotel transaction volume so far in 2021 has been good. The firm went on to say that out of 111 current engagements actively on the market, they have 52 under sale agreement. Keith Thompson said, “clearly, the hospitality real estate market is expecting that vaccines will aid the hotel and travel industry for 2021. Hotel performance this year is still projected to be well below 2019 levels but we are seeing RevPAR beginning to improve. The smart people in the room say 2021 revenue will end the year at 65%-70%+/- of 2019 levels....
Chris Martin Joins Avison Young Hospitality Group
Avison Young | February 23, 2021
ATLANTA – February 23, 2021 – Avison Young Hospitality Group announces that Chris Martin has joined the firm in its Tampa office. Keith Thompson said, “Chris Martin has joined our team from another brokerage firm, and we could not be more pleased. He comes to us with a deep hospitality background and a well-respected reputation in the hotel industry.” Chris J. Martin is an Investment Hotel Broker with Avison Young’s Hospitality Division. During his career, Chris has underwritten and modeled almost $4 Billion worth of hotel properties across the United States, providing him with an accurate forecasting and valuation mindset tha...
Wendy Blissett Promoted to Principal of Avison Young’s Hospitality Group
Avison Young | February 23, 2021
ATLANTA – February 23, 2021 – H. Keith Thompson, Principal of Avison Young’s Hospitality Group, announced today that Wendy Blissett has been promoted to the title of Principal. “I have worked with Wendy for the better part of 26 years and she is an incredible asset to the firm. During the difficult 2020 pandemic year, she was still able to close on numerous separate hotel transactions which was among the best brokerage performance in the hotel industry. She is incredibly smart and client focused and we could not be more happy to welcome her talents at the Principal level,” said Thompson. Blissett joined Avison Young in 2017 wh...
Avison Young 2020 Transactions
Avison Young | November 12, 2020
ATLANTA – November 12, 2020 – Avison Young Hospitality Group announced the firm has closed 39 hotel transactions year to date through the pandemic. The transactions were located in 13 states from Colorado to Connecticut, across most of the brand families, and all the closings were under 200 rooms. The firm has an additional 19 hotel transactions under sale agreement with the closings scheduled over the next several months. H. Keith Thompson said, “while Avison Young’s performance this year pales in comparison to previous years, due to COVID, 2020 has proven to be the most difficult transactional environment in my career. That said,...
Avison Young Announces Weekly Open Forum Results
Avison Young | October 27, 2020
ATLANTA – October 27, 2020 – Two weeks ago, Avison Young Hospitality Group launched a weekly virtual forum for every Monday at 2pm eastern time running through the end of the year. The main focus of the 45-minute virtual forum is to answer live questions from the participants who are private and public hotel investors, lenders, owners and operators. The hotel investment world has changed since COVID and we want to be a resource to the marketplace. Keith Thompson said, “This forum is not a sales pitch for our company. It is simply a resource. With hundreds already registered for each Monday, the questions and answers seem to be driven...
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