hotel auction
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...
Radisson Providence Airport Hotel Will Be Auctioned on RealINSIGHT Marketplace This November
RealINSIGHT Marketplace | October 24, 2019
This November, Radisson Providence Airport Hotel, a newly renovated, full service, airport hotel optimally located in Warwick, Rhode Island, will be auctioned through the online commercial real estate platform, RealINSIGHT Marketplace. The offering, presented by Berkadia and RealINSIGHT Marketplace, represents a compelling opportunity to acquire a value-add opportunity with built-in operational efficiency upside. The Radisson Providence Airport Hotel recently completed a comprehensive $2.5 million renovation and now offers the newest rooms product in its competitive set, requiring minimal change of ownership PIP expenses for a new owner...
Tennessee Quality Inn & Suites Will Be Auctioned on RealINSIGHT Marketplace This September
RealINSIGHT | August 19, 2019
CENTERVILLE, TN—August 19, 2019—RealINSIGHT Marketplace and CBRE Hotels are pleased to offer the fee-simple interest in the 39-room Quality Inn & Suites, situated in Centerville, Tennessee. This full-service hotel is situated along Highway 100, between Highway 50 and Highway 48, and is approximately 15 miles from Interstate 40. This Quality Inn & Suites benefits from great accessibility and is within close proximity to some of Centerville’s main demand generators, including the Duck River (1.8 miles), Centerville RiverPark, Life Care Center of Centerville, Saint Thomas Hickman Hospital, Pink Cadillac Drive In Movie Theater, G...
Pennsylvania Hampton Inn to Be Auctioned on RealINSIGHT Marketplace
RealINSIGHT Marketplace | August 15, 2019
PITTSBURGH, PA—August 15, 2019—RealINSIGHT Marketplace and Berkadia are pleased to offer the fee-simple interest in the 88-room Hampton Inn Wexford Sewickley for your acquisition consideration. The most recent proto-type Hampton Inn is ideally located just off Interstate 79, one of the Ohio Valley’s primary north-south corridors running from Lake Erie to the north and to Charleston, West Virginia to the south. The Hotel is also 15 miles north of downtown Pittsburgh’s many businesses and regionally popular leisure attractions. This represents an exceptional opportunity for investors to acquire a new-build Hampton, which is also t...
486-Room Full-Service Sheraton Park Anaheim Goes to Auction on RealINSIGHT Marketplace
RealINSIGHT Marketplace | August 13, 2019
ANAHEIM, CA—August 13, 2019—RealINSIGHT Marketplace and Berkadia are pleased to offer for sale the leasehold interest in the 486-room, Sheraton Park Hotel at The Anaheim Resort for your acquisition consideration. Located steps from the Anaheim Convention Center, Disneyland® Resort, Disneyland California Adventure® Park, Downtown Disney, and the Anaheim Garden Walk. This represents an exceptional opportunity for investors to acquire an institutional quality, full-service, Marriott branded hotel in a premium location with significant operational upside through renovation/brand conversion, leasing vacant space, reconfiguring the hotel layo...
Tennessee Quality Inn Hotel Goes to Auction on RealINSIGHT Marketplace Starting May 7th
RealINSIGHT Marketplace | April 9, 2019
TENNESSEE—April 11, 2019—RealINSIGHT Marketplace and Sands Investment Group are pleased to present the Quality Inn Cordova, a 100-room, limited-service hotel located in Cordova, TN, for your acquisition consideration. The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace, May 7th – May 9th. About the Property: One Building Three Floors 100 Rooms Limited-Service Recently Renovated This offering provides investors with the opportunity to acquire one of most sought-after brands of Choice Hotels, the Quality Inn, in an excellent location with high visibility and direc...
146-Room, Limited-Service, Quality Inn Hotel Will Be Auctioned on RealINSIGHT Marketplace
RealINSIGHT Marketplace | April 9, 2019
VIRGINIA—April 10, 2019—RealINSIGHT Marketplace and Berkadia are pleased to present the Quality Inn Collinsville, a 146-room, limited-service hotel located in Collinsville, VA for your acquisition consideration. The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace, May 6th – May 8th. About the Property: Two Buildings Two Floors 146 Rooms Recently Renovated in 2018 This offering provides investors with the opportunity to acquire fee-simple interest in a strategically located Quality Inn hotel. Situated just off Highway 220, which connects to Roanoke to the north and ...
New York Quality Inn Hotel Goes to Auction on RealINSIGHT Marketplace on May 8th
RealINSIGHT Marketplace | April 9, 2019
Quality Inn Syracuse NEW YORK—April 8, 2019—RealINSIGHT Marketplace and HREC Investment Advisors are pleased to present the Quality Inn Syracuse Carrier Circle, a 125-room, select-service hotel located in East Syracuse, NY, for your acquisition consideration. The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace, May 6th – May 8th. About the Property: One Building Three Floors 125 Rooms Renovated in 2017 This offering provides investors with the opportunity to acquire one of the most sought-after brands of Choice Hotels, the Quality Inn, in an excellent location w...
