paramount
Paramount Lodging Advisors’ New Building Mural Brings Playful Energy to Old Town
Paramount Lodging Advisors | September 5, 2023
Chicago, IL—Paramount Lodging Advisors (PLA) has partnered with Chicago local artist, Eric Lee to create an expansive mural for the firm’s headquarters located in Old Town. The piece titled Caution: Bridge Out is described as a trompe l'oeil encounter between Wile E. Coyote and the Roadrunner. Lee utilized the three-story building to create a three-dimensional story of the infamous foes, Wile E. Coyote, and Roadrunner – transporting the onlookers into the story; in the desert itself with the vibrant use of color, shading, light and space. “After being in the hospitality business for almost two decades with our companies, Atira ...
Ray Regan Joins Paramount Lodging Advisors Team
Paramount Lodging Advisors | March 23, 2023
ALBUQUERQUE, NM – The Paramount Lodging Advisors (PLA) team is pleased to announce Ray Regan as their newest Associate. Ray is joining fellow PLA team member, Michael Sheppard in the New Mexico office and will be focusing on the southwestern region of the United States. Ray has a successful background in both individual and portfolio hospitality and commercial transactions in the southwestern market. “I am thrilled to extend the invaluable experience and resources of the Paramount Lodging Advisors platform to the benefit of existing and prospective clients across New Mexico and the broader SW region,” stated Regan. Ray can be c...
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 ...
Paramount Lodging Advisors Welcomes Hunter Johnson to Team
Paramount Lodging Advisors | January 10, 2023
CHICAGO, IL – The Paramount Lodging Advisors (PLA) team is thrilled to welcome Hunter Johnson as Senior Associate. Hunter’s office will be based in Southwest Colorado with a focus on Colorado and Utah. Hunter has covered the industry with experience in hotel purchasing, financing, and brokerage. In the last 24 months, he has transacted over $87MM from small independent hotels to IHG and Hilton assets. “I am honored and grateful to be part of such an entrepreneurial, honorable, and hardworking team,” stated Johnson. If you would like to reach out to Hunter, he can be contacted at [email protected] or 970.880.0621....
Paramount Lodging Advisors Successfully Transacts Hotel Felix Downtown Chicago NPL
Paramount Lodging Advisors | November 17, 2022
Paramount Lodging Advisors (PLA) has completed the sale of the Hotel Felix Downtown Chicago NPL. The PLA team representing seller was led by Bennett Webster, Brent Clemens, Mike Schlictman, and Andrew Makhlouf. The sale allowed the lender to unwind their existing interest on the $47MM non-performing loan. “Contrary to recent headlines, Chicago is open for business, and we believe remains grossly undervalued. Our team is bullish on the ongoing recovery for the city and underlying demand,” stated Schlictman. Makhlouf added, “We were very pleased with the market turnout for the auction and to have successfully monetized this po...
Paramount Lodging Advisors Arranges the Sale of the Sky Rock Inn – Sedona, Arizona
Paramount Lodging Advisors | May 2, 2022
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Sky Rock Inn located in Sedona Arizona on behalf of Yang Capital. The 108-room hotel located at 1200 W Highway 89 in Sedona, is situated atop the West Sedona hilltop affording the best 360-degree views in the market. The hotel was purchased by Dauntless Capital Partners, an investment firm that builds and invests in durable businesses throughout the hospitality, consumer healthcare, manufacturing, and industrial sectors. The hotel will continue to operate under the Sky Rock Inn brand as well as the Spoken lifestyle experience, a supplemental brand to deliver an enhance...
Paramount Lodging Advisors Successfully Transacts in Houston With the Sale of the Four Points by Sheraton Hobby Airport
Paramount Lodging Advisors | April 6, 2022
Houston, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of the Four Points by Sheraton Hobby Airport. Austin, TX-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid along with Sr. Managing Directors Brent Clemens and Bennett Webster represented the special servicer in the transaction. The 79-key, 2011 built hotel is ideally located near Hobby Airport. The buyer has increased the number of hotels owned in the submarket and is looking to capitalize on economies of scale as the Hobby submarket continues to recover after airline travel was disrupted with the onset of COVID-19. “With viru...
Paramount Lodging Advisors Successfully Transacts Godfrey Tampa
Paramount Lodging Advisors | August 17, 2021
Paramount Lodging Advisors (PLA) has successfully executed the sale of the Godfrey Hotel & Cabanas Tampa. The PLA team representing the seller was led by Bennett Webster, Brent Clemens, and Brian Guernier. The sale allowed the lender to unwind their existing interest on the $45MM non-performing loan. “Despite the ongoing national and regional challenges in the current market, our team remains very bullish on the longer-term industry rebound. We believe Florida will remain at the forefront of the recovery,” stated Bennett Webster The sales add to Paramount Lodging Advisors’ continued and unprecedented success over the cou...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
The Evolving Landscape of Hotel Reviews: Insights and Implications
WTTC Statement on the Death of Henry Kissinger
U.S. Hotel Results for Week Ending 25 November
LuxUrban Hotels to Operate Two New Four-Star Boutique Hotels in New York City
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.