avison young
Avison Young Closes 29 Hotel Transactions
Avison Young | May 3, 2022
ATLANTA – May 3, 2022 – Avison Young Hospitality Group announced today that the hotel brokerage firm has closed 29 separate hotel transactions over that last 150 days totaling just under ½ billion of value. 12 of the hotels were either Hilton, Marriott or Hyatt assets and were located in most US regions. Most notable was the Fall River Resort - Estes Park CO, Hotel Monaco - Chicago, 15 story IHG - Downtown Nashville, Hyatt Place/ Hyatt House dual brand – Scottsdale AZ and the Courtyard Oceanfront – Ocean City Maryland. Three of the sales represented pricing between 400k and 500k per room....
Avison Young’s Hotel Auction Team
Avison Young | April 28, 2022
ATLANTA – April 28, 2022 – Avison Young announced today that Brad Sinclair and Michael Bernath lead Avison Young’s hotel auction team. Over the past 10 months, the team has closed 8 hotels on the Ten-X Auction platform at an average sale of 23% over the reserve pricing. The latest hotel auction ended last week, ultimately selling for 74% over reserve. Avison Young has closed over 80 transactions through the Ten-X platform. Examples of recent closing include the Homewood Suites Lansdale PA, Hilton Garden Inn Cranberry PA, the Springhill Suites Albany/Colonie, NY and the Hampton Inn Omaha, NE. Brad Sinclair said: Our consistent and a...
Avison Young Hospitality Group – Hotel Closings
Avison Young | January 19, 2022
ATLANTA, GA – January 19, 2022 – Avison Young announced today that over the past four weeks they have closed sale transactions on the following hotels. Kimpton Hotel Monaco Chicago IL, a 15 story IHG hotel in downtown Nashville TN, The Fall River Resort, Estes Park CO, Hampton Inn Newburgh NY, Hampton Inn Central Valley NY, Outlanders River Resort, VA, Home 2 Suites, Middletown NY, Two Marriott assets Charlotte NC, Hilton Garden Inn Cranberry PA, Hampton Natchez MS and seven other branded hotels The brokers involved in the closings were Chris Stark, Andy Broad, Brad Sinclair, Michael Bernath, Chris Kilcullen, Wendy Blissett, Mike Georg...
Avison Young Hospitality Group- December 2021 Sales
Avison Young | January 4, 2022
ATLANTA – January 4, 2022 – Avison Young announced today it closed 15 hotel transactions totaling $264 million for the month of December 2021. $183 million of the transaction volume was big box urban core or Hilton and Marriott assets with geographic locations from Colorado to New York down through Pennsylvania, Virginia, and the Carolinas. The brokers involved in the closings were Brad Sinclair, Andy Broad, Michael Bernath, Chris Stark, Chris Kilcullen, Wendy Blissett, Mike George, Rick George, Thierry Roch and Niven Patel. Keith Thompson said, “These closings represent a continued investment trend in hospitality real estate that...
Avison Young Hospitality Group- Hilton Sales
Avison Young | August 30, 2021
ATLANTA – August 30, 2021 – Avison Young announced today it has successfully closed the sale on seven Hilton branded hotels. The closings included three Hilton Garden Inns and four Hampton Inns. The properties were located from Texas along the southern crescent up through the middle of the east coast. The brokers involved in the closings were Brad Sinclair, Andy Broad and Michael Bernath. H. Keith Thompson said, “These closings represent a continued investment trend into well branded hospitality assets. All the closings were priced on 2019 performance levels."...
Avison Young Hospitality Group – Red Roof Inns
Avison Young | August 23, 2021
ATLANTA – August 23, 2021 – Avison Young announced today it has successfully closed the sale of 32 Red Roof Inns over the last 19 months. The hotels were located in most of all US regions and ranged in room counts, size and demand generators. The broker leading in these transactions was Wendy Blissett, Principal with Avison Young. Keith Thompson said, “These closings represent a continued investment trend into limited-service hotel product which has outperformed most all other hospitality segments.”...
Avison Young Hospitality Group Closes Marriott Sales
Avison Young | August 18, 2021
ATLANTA – August 18, 2021 – Avison Young announced today it has successfully closed the sale on four Marriott Courtyards and five Springhill Suites. The properties were located from the pacific northwest, Midwest, and eastern seaboard states. The brokers involved in the closings were Brad Sinclair, Andy Broad and Michael Bernath. Keith Thompson said, "These closings represent a continued investment trend into hospitality and the hotels ranged from cash flowing assets to closed hotels all with large required pips. Most importantly they were all priced on 2019 performance levels."...
Avison Young Hospitality Group Portfolio Sale
Avison Young | August 11, 2021
ATLANTA – August 11, 2021 – Avison Young announced today it successfully represented a publicly traded hotel company in the sale of a Twenty Property Portfolio. This Marriott and Hilton-branded portfolio included properties covering 13 states nationwide and sold for $211,000,000. The buyer was a West Coast-based family office who was looking to add these premier select-service properties to its core assets. The brokers involved in the sale were Andy Broad, Brad Sinclair and Michael Bernath. The portfolio properties included the Hilton Garden Inn Dallas Allen - Allen, TX.; Hampton Inn & Suites Allen - Allen, TX.; Hilton Garden In...
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