hotel real estate
Paramount Lodging Advisors Successfully Transacts the Sale of Two Hotels in the Atlanta Market
Paramount Lodging Advisors | March 21, 2023
Carrollton, GA - Paramount Lodging Advisors (PLA) has successfully executed the sale of the Best Western and Hilton branded hotels in Carrollton, GA. Texas-based Senior Managing Director Kami Burnette and Director Omari Head lead the sale of the Best Western in a traditional marketing process. The Hampton Inn Carrollton sale was represented by Omari Head along with Principals Bennett Webster and Brent Clemens. Paramount represented the receiver of the 2003 build, 77 key hotel. “Both properties generated significant interest and positive results for our clients,” stated Omari Head. “This is the second closing in the Atlanta area ...
Key Takeaways From the GF Hotels Forum, Q1 2023
Jerod Byrd | March 8, 2023
By Jerod S. Byrd It’s a difficult lending environment across the nation at the moment, but RevPAR is expected to continue to rise in the foreseeable future, particularly supported by ADR growth. Debt, while very expensive, is available, and one lesson learned from the pandemic is the importance of sponsorship, including relationships with the brands. Below is the SWOT analysis for the U.S. hotel real estate and investment industry as outlined at the GF Hotels Forum in Towson, Maryland. Current strengths of the hotel real estate industry Hotels are a good inflation hedge for investors. Assets being put up for auction are s...
Paramount Lodging Advisors Successfully Transacts in Lubbock With the Sale of the Embassy Suites
Paramount Lodging Advisors | January 17, 2023
LUBBOCK, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of a Hilton-branded hotel located in SW Lubbock near South Plains Mall. Texas-based Senior Managing Director Kami Burnette and Senior Associate Mason McDavid, along with Principals Bennett Webster and Brent Clemens represented the seller in the transaction. The full-service 156-key Embassy Suites was built in 1982 and features multiple meeting rooms and a restaurant. The new owners are excited to repurpose the legacy hotel to an alternative use in a growing Texas market, home to one of the state’s largest universities. “The hotel was sold unencumbere...
Q4 2022 Major U.S. Hotel Sales Survey
Daniel Lesser | January 16, 2023
By Daniel Lesser Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. Although inflation appears to have recently stabilized, it remains...
Hilco Real Estate Announces the Sale of the Tru By Hilton Bryan College Station in Texas for $9.9 Million
Hilco Real Estate | January 5, 2023
NORTHBROOK, ILL (January 2023) – Hilco Real Estate (HRE) completed a successful sale of the Tru by Hilton Bryan College Station hotel for a total closing price of $9,900,000. Keith Worsham, senior vice president and head of the national hotel team at HRE, brokered the sale of the property on behalf of the seller, Wealth Hospitality. “Our team is happy to have helped our seller with this transaction resulting in $101,020 per key; and, at the same time, we were able to provide the buyer a new opportunity with the Hilton brand,” stated Keith Worsham. Located in Bryan, Texas, the property is well-positioned around Texas’ five major ...
Avison Young Announces Recent Hotel Closings
Avison Young | November 3, 2022
ATLANTA – November 3, 2022 – Avison Young Hospitality Group announced that over the last two weeks the firm has closed several hotel transactions listed below. Brad Sinclair and Michael Bernath closed the sale on the 106-room Home2 Suites in York PA Brad Sinclair and Michael Bernath closed the sale on the 100-room Hampton Inn & Suites in York PA Mike George and Rick George closed the sale on the 120-room Holiday Inn Cary North Carolina Rick George and Mike George closed the sale on a Hampton Inn in central Illinois Chris Martin closed the sale on the 100-room Comfort Inn & Suites in Tallahassee Florida The team c...
How to Reposition Hotel Real Estate: A Methodology
Jochen de Peuter | February 15, 2022
By Jochen de Peuter Ever-changing market factors, including external economic forces, shifting demand patterns and changing competitive pressures, can all influence a property's success and constantly require hotel property owners to re-evaluate their asset's position to improve its image, profitability and value. The Basics Hotels are different from other types of real estate because they involve both a special purpose real estate and a daily operation business. Repositioning a hotel is therefore a complex process with many moving parts. Repositioning hotel real estate involves many factors (market, economy, customers) ...
BuildCentral Announces Geospex™, a New Planned Construction Visualization Tool for Real Estate Market Opportunity and Risk Analysis
BuildCentral | June 23, 2021
Real estate, finance and construction industry pros can now use planned construction data visualization to better understand opportunities and risks in key markets. CHICAGO, June 23, 2021 -- BuildCentral today announced Geospex™, a new planned construction visualization tool built for real estate, finance and construction industry professionals. Geospex™ provides a new way for construction industry, finance and real estate professionals to better evaluate their key markets for growth opportunities and potential risks. Using ESRI geospatial technology, Geospex™ pairs planned real estate development data from BuildCentral with ...
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