hotel brokerage
Paramount Lodging Advisors Successfully Transacts in Angleton TX With the Sale of the La Quinta Inn & Suites by Wyndham
Paramount Lodging Advisors | May 2, 2023
Angleton, TX - Paramount Lodging Advisors is pleased to announce the successful sale of the La Quinta Inn & Suites Angleton, TX. The property was sold by the firm's Texas-based Senior Managing Director Kami Burnette and Senior Associate Mason McDavid, along with Senior Managing Directors Bennett Webster and Brent Clemens, who represented the seller in the transaction. The Subject Hotel is a 57-room limited-service hotel located approximately 40 miles southwest of Houston. The property was sold to regional owners who are excited to take on the Wyndham property improvement plan and compete in the local market with an updated hotel. "W...
Michael Sheppard Joins Paramount Lodging Advisors Team
Paramount Lodging Advisors | January 12, 2023
ALBUQUERQUE, NM – The Paramount Lodging Advisors (PLA) team is delighted to welcome Michael Sheppard as their newest Associate. Michael is based in New Mexico and will be focusing on the Southwestern region of the United States. Michael brings with him an extensive background on both the brokerage and development side of hospitality, from boutique assets to large-scale resorts. “I am thrilled to extend the invaluable experience and resources of the Paramount Lodging Advisors platform to the benefit of existing and prospective clients across New Mexico and the broader SW region,” stated Sheppard. If you would like to reach out t...
Paramount Lodging Advisors Welcomes Hunter Johnson to Team
Paramount Lodging Advisors | January 10, 2023
CHICAGO, IL – The Paramount Lodging Advisors (PLA) team is thrilled to welcome Hunter Johnson as Senior Associate. Hunter’s office will be based in Southwest Colorado with a focus on Colorado and Utah. Hunter has covered the industry with experience in hotel purchasing, financing, and brokerage. In the last 24 months, he has transacted over $87MM from small independent hotels to IHG and Hilton assets. “I am honored and grateful to be part of such an entrepreneurial, honorable, and hardworking team,” stated Johnson. If you would like to reach out to Hunter, he can be contacted at hunter@paramountlodging.com or 970.880.0621....
Paramount Lodging Advisors Successfully Transacts in Texas, Louisiana, Oklahoma With Seven-Asset Portfolio Sale
Paramount Lodging Advisors | August 12, 2021
Paramount Lodging Advisors (PLA) has successfully executed the sale of the Courtyard Houma LA, Staybridge Suites Laredo TX, Holiday Inn Express & Suites Cotulla TX, Fairfield Inn & Suites San Angelo TX, Staybridge Suites San Angelo TX, Springhill Suites Ardmore OK and Hampton Inn Denton TX via online auctions. The hotels were part of a larger portfolio. The PLA team representing the seller was led by Kami Burnette, Brent Clemens, and Bennett Webster “Despite the ongoing national and regional challenges in the current market, our team remains very bullish on the longer-term industry rebound and we believe Texas will remain at...
Optimism Versus Reality
H. Keith Thompson | June 1, 2020
By H. Keith Thompson I am, by my very nature, an optimist. I don’t think you can be a hotel broker and not be an optimist. Optimism is welcomed, wonderful, and useful, but there must be some reality woven in. Today there are 40+ million people unemployed in the US, and it is expected that the May 2020 unemployment rate will be 20+/-%. For the hospitality industry, COVID has caused performance to plummet to levels never seen before. While I am happy to see public companies rebounding in stock value, a close friend of mine asked me what I believe could be the best question. Why? With hotels especially, as well as office, multifamily,...
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors | December 13, 2017
CHICAGO, IL – Paramount Lodging Advisors (PLA), with the support of Midland States Bank is constructing its new company headquarters in the Old Town area of Chicago. PLA has partnered with Irpino Construction as the General Contractor to build the office. The building is projected to be complete by July of 2018. The new headquarters will be a sleek, three-story building equipped with a wide variety of innovative technology and accommodations. It will also tailor specifically to the needs of the PLA's Hotel Real Estate Advisory Practice - with unique gathering spaces and private offices. The third floor, uniquely will offer a stunn...
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...
Avison Young Hospitality Group Announces Summer 2017 Closings
Avison Young | September 14, 2017
ATLANTA – September 14, 2017 – The Avison Young Hospitality Group announced today that it has brokered 25 hotels this summer that were located throughout the U.S. from New York City to San Francisco. Full-service hotels, select-service hotels, historic hotels, extended-stay hotels and all-suite hotels were all included in these sales. Pricing of the hotels ranged from $46 million to sub-$10 million and room counts ranged from 400-room full-service to 100-room select-service assets. The brokers involved in these closings spanned the entire practice group. "Today we have 231 hotels on the market priced from sub-$10 million to ...
