brokerage transactions
Purchase Price Allocations for Hospitality Assets
Tim Sauer | May 10, 2017
By Tim Sauer I recently attended a presentation where the presenter used a hamburger as an analogy for a cost-segregation study. While most people just see a hamburger, he sees a beef patty, lettuce, tomato, cheese, and a bun. That is to say, he doesn't see a single piece of real estate, but numerous smaller assets that comprise the larger asset. The same can be said of a purchase price allocation (PPA). Introduction to Purchase Price Allocations As the name implies, the objective of a purchase price allocation is to allocate the purchase price of an asset to its component parts. Unlike a cost-segregation study, which allocates cost for...
Paramount Lodging Advisors Sells Two Limited Service Hotels in Pittsburgh
Paramount Lodging Advisors | June 2, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Holiday Inn Express Harmarville and the Comfort Inn Meadowlands. PLA exclusively represented the seller with Managing Directors Bennett Webster and Brent Clemens, and Associate Omari Head leading the efforts on the transaction of the two properties. "This deal concludes three successful transactions in Pittsburgh in the prior three months. We continue to be pleased with the interest levels and believe there remains substantial pent up demand for limited and select service product in Allegheny and Washington County," noted Head. "These deals now bring our Ten-X Comme...
Successful Louisville Transaction, Times Two: Paramount Lodging Advisors Completes Sale of IHG Kentucky Hotel Package
Paramount Lodging Advisors | May 31, 2016
Paramount Lodging Advisors (PLA) has closed on its third and fourth hotel transactions within the Louisville region over the past six months. PLA Managing Directors Adam Montufar, Bennett Webster, and Brent Clemens orchestrated the sale of both the Holiday Inn Express and Candlewood Suites in Radcliff, KY. The two hotels total 146 rooms and are located Southwest of Louisville, proximate to Fort Knox Army Base. The PLA team members exclusively represented the seller in this double transaction. "Paramount Lodging worked as the liaison between our group and the buyers. They did a fantastic job facilitating the tours of potential buyer...
Paramount Lodging Advisors Assists In Seventh Successful Indiana Transaction In Five Months
Paramount Lodging Advisors | February 29, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Holiday Inn Express Merrillville. PLA represented the seller, RLJ Lodging Trust, with Senior Managing Director Scott Griemsmann, and Managing Directors Bennett Webster and Brent Clemens leading the efforts on the transaction of the 62-room, limited service hotel. Clemens noted, "This deal marks PLA's seventh successful transaction in Indiana in the preceding five months, and maintains our team's continued success in the I-65 corridor from Chicago to Indianapolis." "We were pleased to assist RLJ in the disposition of one of their non-core assets and look forw...
US Cities Achieve World Class Status as Foreign Investment Booms
Kathy Conroy, MAI | April 22, 2015
By Kathy Conroy, Apr 16, 2015 This article offers a comparison of international investment in US Hotels during periods of strong hotel operating performance and a close look at Florida. In September 2013, my colleague at HVS Miami, Andrew Cohan MAI, published an article entitled "Miami's Leap to Global Gateway Status". In that article, Cohan pointed out several interesting facts denoting Miami's shift to a global or world gateway city. One of the factors noted by Cohan was the movement in the HVS Hotel Valuation Index for Miami -- from just above the national average index in 2002 to almost four times the national average index by 2011...
