ATLANTA – August 23, 2021 – Avison Young announced today it has successfully closed the sale of 32 Red Roof Inns over the last 19 months. The hotels were located in most of all US regions and ranged in room counts, size and demand generators.
The broker leading in these transactions was Wendy Blissett, Principal with Avison Young.
Keith Thompson said, “These closings represent a continued investment trend into limited-service hotel product which has outperformed most all other hospitality segments.”