capital markets
Valuing Hotels Amid Rising Capital Market Costs: A Case Study
Anne R. Lloyd-Jones | November 30, 2022
By Anne R. Lloyd-Jones The capital markets have experienced a signficant shift in the past six months, and financing for hotel projects is both less available and more expensive than it was in the first half of 2022. Driven by successive increases in the federal funds rate, interest rates have risen and are now typically in the 6% to 8% range, depending on the asset and market. At the same time, concerns related to a potential recession and the impact of inflation on operating costs and consumer spending have induced a layer of caution about the near-term outlook for the industry. As a result, loan-to-value ratios have declined and amortiz...
REITs and Commercial Real Estate Well Placed for Longer Term Despite Recent Volatility
JLL | July 15, 2022
CHICAGO, July 13, 2022 – Coming off of one of the strongest years on record, the REIT market is relatively well placed despite the recent volatility. JLL’s Strategic Transactions Monitor details themes driving the REIT market, including a constructive outlook in light of sharply rising rates, an increase in take-private activity and dissipating COVID-19 driven trends. REITs, along with broader markets, are down 20% year to date, driven by growing inflation, Federal Reserve rate hikes and broader geopolitical risks. Though market participants have focused on near-term underperformance, REITs have outperformed on a longer-term basis. ...
Paramount Lodging Advisors Launches Subsidiary, Paramount Capital Advisors
Paramount Capital Advisors | August 21, 2018
Paramount Lodging Advisors (PLA) is pleased to announce the launch of Paramount Capital Advisors (PCA). PCA expands Paramount's reach and expertise into the Capital Markets arena. PCA provides strategic advisory in debt financing and equity placements for institutional and individual real estate investors in the hospitality sector. Since launching the platform in July 2018, PCA's capital advisory team has successfully closed over $75,000,000 in transactions. PCA's capital advisory services further benefits Paramount Lodging Advisors' clients by providing a more extensive suite of services, such as customized capital solutions for acquis...
Aimbridge Hospitality Promotes Lynne Roberts to Executive Vice President of Capital Markets
Aimbridge Hospitality | June 11, 2018
DALLAS, Texas (June 11, 2018) – Aimbridge Hospitality has promoted Lynne Roberts to the position of Executive Vice President of Capital Markets. In her new position, Roberts sources capital for sizeable transactions and structure both North America and off-shore inbound investment platforms. Additionally, she oversees a Capital Markets team growing Aimbridge's footprint of investors with large scale acquisition requirements in hotel real estate with longer term hold horizons. "My time at Aimbridge has been extremely gratifying since joining with eight hotels under management," said Roberts. "I'm particularly interested in leveragi...
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Paramount Lodging Advisors | November 6, 2017
Paramount Lodging Advisors (PLA) would like to introduce Sean Banilivy as PLA's newest addition to the team. Sean Banilivy is the Senior Associate that will be spearheading the newly formed Capital Markets Division for Paramount Lodging Advisors. Prior to Joining PLA, Sean founded SJ Equity Partners, where he was responsible for sourcing, underwriting, and presenting high-net worth investors on investment opportunities throughout North America. Before founding SJ Equity Partners, Sean worked for JLL's Hotels & Hospitality Group in Investment Sales, where he was responsible for producing Broker Opinion Values, underwriting, and parti...
The Plasencia Group Closes Sale of DoubleTree by Hilton Salt Lake City Airport Hotel
The Plasencia Group | May 4, 2017
Tampa, Fla. (May 4, 2017) – The Plasencia Group is pleased to announce the sale of the DoubleTree by Hilton Salt Lake City Airport hotel, located in Salt Lake City, Utah. The firm represented the owner of the hotel, SLC Hotel Partners, LLC, an affiliate of Laurus Corp., a real estate investment and development company, in the sale of the 288-guestroom hotel to ASAP Holdings, a global investment management company. "As the preeminent full service lodging asset in the Salt Lake City Airport district, the DoubleTree has performed exceptionally well since its recent renovations," commented Joe Corcoran, Vice President of The Plasenci...
Choppy Waters for Hotel Investment
CBRE | August 18, 2016
By Jeanette Rice, Americas Head of Investment Research, CBRE Despite still strong fundamentals in hotel operating performance, the capital markets environment for the hotel sector has been going through choppy waters this year. A brief review of key investment metrics illustrates some of the challenges. Hotel Investment Remains Subdued Tepid hotel investment activity continued in Q2 2016. U.S. hotel acquisitions totaled $6.5 billion in Q2 2016, down 50% year-over-year. Similarly, the H1 2016 total reflects a 55% decline from H1 2015. Fortunately, the year-over-year drop in single-asset purchases was less severe. Buying activity of indiv...
