real estate
Avison Young Announces 2020 Closings
Avison Young | February 10, 2020
ATLANTA – February 10, 2020 – Avison Young Hospitality Group announced that the firm closed fourteen hotel transactions during January and the first week of February. The property closings ranged from Hilton select service hotels to various other brands and were located from the northeast US through the south and central US markets. The firm expects to close nine other transactions over the next 20 days located from Chicago to Raleigh....
Pebblebrook to Sell InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square for $331 Million
Pebblebrook Hotel Trust | January 28, 2020
BETHESDA, Md.- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to sell the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million to a third party. For InterContinental Buckhead Atlanta, the contracted sale price reflects a 13.7x EBITDA multiple and a 6.4% net operating income capitalization rate based on the hotel’s operating performance for 2018. Based on the hotel’s estimated 2019 operating performance, the contracted sales price reflects a 13.0x EBITDA multiple and a 6.8% net ope...
Value-Add Quality Inn & Suites in Tennessee Will Be Available in Online Auction Via RealINSIGHT Marketplace This December
RealINSIGHT Marketplace | November 12, 2019
This December, Quality Inn & Suites, a full-service hotel located in Centerville, Tennessee, will be auctioned through the online commercial real estate platform, RealINSIGHT Marketplace. The Quality Inn & Suites is a fee-simple interest opportunity offered unencumbered by management and holds a prime location in the County Seat of Hickman County, the Western Gateway to Metro Nashville. About the Property: 39 Rooms Full Service Two Floors Built in 1977 Unencumbered of Management The Quality Inn & Suites also offers a restaurant with complimentary breakfast, a business center, seasonal outdoor ...
70-Room, Limited-Service Hotel in New Mexico to Hit Online Auction Block via RealINSIGHT Marketplace, This December
RealINSIGHT Marketplace | November 7, 2019
Aztec, NM Presidential Inn is being offered significantly below replacement cost with 1.72 Acres included in the sale. This December, Presidential Inn, a 70-room, limited-service hotel located in Aztec, New Mexico, will be auctioned through the online commercial real estate auction platform, RealINSIGHT Marketplace. The offering, presented by Berkadia and RealINSIGHT Marketplace, is unencumbered of management and the current lender will consider financing a new buyer. The new buyer will also have the opportunity to affiliate the Hotel with a new major brand, including Microtel, Comfort Inn, Sleep Inn, Red Lion, Red Roof Inn, o...
Fort Worth, TX Holiday Inn Hotel for Sale on RealINSIGHT Marketplace This December
RealINSIGHT Marketplace | November 5, 2019
This December, Holiday Inn Fossil Creek, a 126-room, full-service hotel is available for purchase through the online commercial real estate sales platform, RealINSIGHT Marketplace. The offering, presented by Paramount Lodging Advisors, provides potential investors with the opportunity to acquire the fee simple interest in a receiver controlled and operated 126-room Holiday Inn hotel with the opportunity to convert to a new Doubletree by Hilton franchise agreement upon sale. About the Hotel: 126 Rooms Five Floors Full Service 2,801 SFof Function Space Built in 2008 Unencumbered of Management and Brand A...
A Unique Opportunity in Coastal Maine
October 8, 2019
A UNIQUE OPPORTUNITY IN COASTAL MAINE Portions of the former Point Lookout Resort in Northport, Maine are now available for lease THE SITE AVAILABLE FOR LEASE INCLUDES: • (10) 3 bedroom cabins • (28) 2 bedroom cabins • (2) 1 bedroom cabins • Bowling Alley • Hedges Hall • Copper Pine café • The Education Center A WORLD CLASS FACILITY WITH VIEWS OF THE OCEAN. This once in a lifetime opportunity is now available with possibilities as an event center, retreat and resort. For more information pl...
Tikehau Capital and Le Groupe de l’Hôtellerie Acquire Two Hotels in Paris
Tikehau Capital | June 6, 2019
PARIS -- June 6, 2019 -- Tikehau Capital (Paris:TKO), the alternative asset management and investment group, with Le Groupe de l'Hôtellerie, the hotel management, investment and development specialist, acquire two hotels in central Paris through Tikehau Capital's Real Estate value-added fund. The Hotel Corona Opéra and the Hotel Touraine Opéra are both three star hotels with a combined capacity of 97 rooms. These hotels are located in the historical 9th district of Paris, close to the Paris Opera and the large department stores. Built during the 19th century, the hotels have strong potential for development while the hospitality and lei...
Avison Young Announces Recent Closings
Avison Young | May 30, 2019
ATLANTA – May 30, 2019 – Avison Young Hospitality Group announced that with several closings over the last three weeks the firm has closed one hotel a week since January 2019 totaling $355,000,000 year to date in asset value. Additionally the firm has $401,000,000 under sale agreement with closings scheduled over the summer. Since 2013, the Avison Young Hospitality Group has closed 106 Marriott branded hotels, 72 Hilton branded assets, 50 IHG branded assets and 163 historic, upscale boutique, resort and other branded hotels. ...
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