avison young
Avison Young – Ten Years of Performance
Avison Young | April 25, 2024
ATLANTA – April 25, 2024 – Avison Young Hospitality Group releases today its Ten Years of Performance presentation. Last 10 Years Sales Performance...
Avison Young Closed 12 Hotel Transactions Over Last 90 Days
Avison Young | March 11, 2024
ATLANTA – March 11, 2024 – Avison Young announces today that the firm has closed 12 hotel transactions over the last 90 days. Four of the sales were Hilton-branded hotels, two were Marriott-branded hotels, and an IHG and other brands made up the balance. Geographically the hotels were located in the following states – IN, KY, PA, CO, VA, AR, MA, GA, and TN. Of special note, Thierry Roch and Rick George closed a sale on a boutique hotel in the Cape Cod area for close to 1m per room and Chris Kilcullen closed the sale for the upscale Ascent on Main in Parker, CO. Chris Stark, Brad Sinclair, Mike George, Thierry Roch and Rick George were t...
When the Pendulum Stops Swinging
H. Keith Thompson | November 10, 2023
By H. Keith Thompson I have been a hotel broker for 33 years and during all past cycles, the markets would simply swing from being either a seller’s market or a buyer’s market and then after a correction, swings back again. Using a swinging pendulum as a metaphor for the hotel real estate market today, the pendulum has almost stopped swinging. In my history as a hotel broker, the only time the pendulum almost stopped swinging was just after 911 and this new interest rate cycle we all find ourselves in today. In 2023, new transactions in the hotel space are down 50-70 percent depending on the brand and the market. Today it is neither...
Avison Young Closes Last Hilton Hotel in Portfolio Sale
Avison Young | July 19, 2023
ATLANTA – July 19, 2023 – Avison Young announces today that the firm has closed the transaction on the last Hilton hotel in a 10-property portfolio sale. The portfolio were all Hilton and Marriott assets located in Maryland and Pennsylvania and consisted of four Home 2 Suites, two Homewood suites, two Hampton Inns & Suites, one Fairfield Inn and one Tru by Hilton. Brad Sinclair said, “This portfolio sale represents once again, the strength of the Hilton and Marriott brands and consistent yield for investors. Financing today is very challenging, but with the right property type and actual performance, debt is still available.”...
Avison Young Hospitality Group’s Sales for Last Ten Years
Avison Young | February 2, 2023
ATLANTA – February 2, 2023 – Avison Young Hospitality Group announced that with the closings this week, the hotel brokerage firm has closed 595 hotel transactions over the last ten years. The brand mix was 149 Marriott, 114 Hilton, 67 IHG and Hyatt, 102 Choice and Wyndham and 163 other brands, boutiques, and independents. Geographically, 64 of the closings were in the Northwest, 89 in the Northeast, 91 in the Northcentral, 66 in the Southcentral and 285 in the Southeast. Brad Sinclair said, “clearly with recent interest rate hikes, the last several months have tested the resolve of hotel owners, developers, lenders, investors, and br...
Avison Young Announces Recent Hotel Closings
Avison Young | November 3, 2022
ATLANTA – November 3, 2022 – Avison Young Hospitality Group announced that over the last two weeks the firm has closed several hotel transactions listed below. Brad Sinclair and Michael Bernath closed the sale on the 106-room Home2 Suites in York PA Brad Sinclair and Michael Bernath closed the sale on the 100-room Hampton Inn & Suites in York PA Mike George and Rick George closed the sale on the 120-room Holiday Inn Cary North Carolina Rick George and Mike George closed the sale on a Hampton Inn in central Illinois Chris Martin closed the sale on the 100-room Comfort Inn & Suites in Tallahassee Florida The team c...
Avison Young Closes 29 Hotel Transactions
Avison Young | May 3, 2022
ATLANTA – May 3, 2022 – Avison Young Hospitality Group announced today that the hotel brokerage firm has closed 29 separate hotel transactions over that last 150 days totaling just under ½ billion of value. 12 of the hotels were either Hilton, Marriott or Hyatt assets and were located in most US regions. Most notable was the Fall River Resort - Estes Park CO, Hotel Monaco - Chicago, 15 story IHG - Downtown Nashville, Hyatt Place/ Hyatt House dual brand – Scottsdale AZ and the Courtyard Oceanfront – Ocean City Maryland. Three of the sales represented pricing between 400k and 500k per room....
Avison Young’s Hotel Auction Team
Avison Young | April 28, 2022
ATLANTA – April 28, 2022 – Avison Young announced today that Brad Sinclair and Michael Bernath lead Avison Young’s hotel auction team. Over the past 10 months, the team has closed 8 hotels on the Ten-X Auction platform at an average sale of 23% over the reserve pricing. The latest hotel auction ended last week, ultimately selling for 74% over reserve. Avison Young has closed over 80 transactions through the Ten-X platform. Examples of recent closing include the Homewood Suites Lansdale PA, Hilton Garden Inn Cranberry PA, the Springhill Suites Albany/Colonie, NY and the Hampton Inn Omaha, NE. Brad Sinclair said: Our consistent and a...
