INDIANAPOLIS, IN—Paramount Lodging Advisors (“PLA") is pleased to announce the sale of the Radisson Hotel Indianapolis Airport. Brent Clemens and Bennett Webster, Managing Directors acted as agents for PLA who exclusively represented the seller on the 257-room, full service airport hotel and conference center.
PLA’s Chairman Daniel Beider noted, “We are excited to have achieved all parties’ objectives on a transaction with multiple layers of complexity, comprised of a lender-owned leasehold hotel business with a municipal corporation as the Lessor.”
“The deal marks Paramount’s fourth brokerage hotel transaction in the Indianapolis market over the past two months. We remain bullish on the underlying market fundamentals for the area, and look forward to continued success in Indy and the surrounding communities,” added Webster.
