ATLANTA – May 10, 2017 – The Avison Young Hospitality Group announced today that it has brokered the transaction of a full service Crown Plaza in North Charleston, South Carolina and a full service hotel in the Upper Midwest. Chris Stark, Michael Bernath, Rick George and Mike George represented Avison Young in both deals.
The Avison Young Hospitality Group currently has 17 additional hotel transactions scheduled to close in the next five weeks and a total of 43 over the next several months. The planned closings are located across all U.S. regions and include most major hospitality brand families.
“These last two closings represent buyers’ desire for well-located full service hotel assets,” said Brad Sinclair principal at Avison Young. “We are seeing closure on the bid-ask spread for serious sellers and we see the transaction market being strong for the balance of 2017.”
