select service hotels

/Tag: select service hotels

select service hotels

Why Select Service Hotels Are Coming to the City Center

JLL | July 29, 2019

July 29, 2019 -- It used to be that guests at every downtown hotel expected bell staff, a concierge, extensive meeting spaces and spacious rooms. But these days, guests are getting comfortable with a lot less. Select service hotels with fewer amenities and smaller rooms — once confined to suburbs, small towns and the areas surrounding airports — are growing in city centers. This industry sector has seen double-digit percentage change growth in terms of the number of rooms that exist in major U.S. markets from 2015 to 2019, according to JLL research. Hotel brands like Hilton Garden Inn, Tru by Hilton, Courtyard by Marriott and Hyatt ...

Paramount Lodging Advisors Arranges Sale of Hilton Garden Inn Lake Oswego/ Portland OR

Paramount Lodging Advisors | December 15, 2015

Paramount Lodging Advisors Arranges the Sale of MLCFC 2007-9 Western Lodging Limited Partnership Interest in Lake Oswego, Oregon OSWEGO, OR—Paramount Lodging Advisors (PLA) has completed the sale of MLCFC 2007-9 Western Lodging Limited Partnership interest in the Hilton Garden Inn to Lake Oswego Hotel LLC for $33.5 million/$187,000 per room to InterWest Capital Corporation. Senior Managing Director of the Western U.S., Scott Griemsmann, represented the owners in the transaction. "Lake Oswego and the overall Portland area are on pace for another solid year of RevPAR growth for the 4th straight year, the region's lodging market con...

Investment Volume for Select Service Hotels Increased 145% Through August 2013; 2014 Outlook Robust

Jones Lang LaSalle | October 8, 2013

ATLANTA, Oct. 8, 2013 – It's not just leisure travelers who are lining up for the select service hotel breakfast buffet these days. The increase in demand from budget-conscious vacationers, who seek economical lodging, has propelled select service hotels values and enticed yield-seeking investors, according to Jones Lang LaSalle's recent analysis of select service hotel demand. It's a byproduct of post-recession lessening demand from leisure travelers in the United States for extra amenities and luxurious services, resulting in a 55 percent increase in select-service hotel accommodations, according to MMGY Global's 2013 Portrait of Am...

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