hrec
Meet the Money Unveils “The LIIC Top 10” for 2024
Jim Butler | May 10, 2024
By Jim Butler Today at JMBM’s Meet the Money® national hotel finance conference, The Lodging Industry Investment Council (“LIIC”) released its much-anticipated LIIC Top Ten – the 2024 update of its an annual survey of investment sentiment survey. LIIC — The lodging industry think tank The members of LIIC represent the acquisition and disposition control of more than $60 billion in lodging real estate. LIIC members comprise some of the hospitality industry`s most influential investors, lenders, corporate real estate executives, REITs, public hotel companies, brokers, and advisors. For almost 20 years, LIIC has prepar...
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...
Warmbrodt Hotel Investments Merges with HREC; “Best in Class” Brokerage Penetration in Mid-West and Texas
Warmbrodt Hotel Investments | August 25, 2016
Herb Warmbrodt HREC Principal - Kansas City Mike Cahill CEO & Founder - HREC (Kansas City, MO; Denver, CO) – Warmbrodt Hotel Investments (www.whikc.com) is excited to announce that they are strategically merging their outstanding mid-west and Texas hotel brokerage practice with HREC's national hotel platform (www.hrec.com) effective August, 23rd, 2016. Post-merger: Warmbrodt Hotel Investments, a well-established, nationally recognized brokerage powerhouse in the mid-west and headquartered in Kansas City, will further enhance its client centric practice by joining Team HREC. This merger further energizes Warmbrodt with the ad...
Appeals Halt Progress on Two San Juan Capistrano Hotel Projects
O'Connell Hospitality Group | August 12, 2016
Aug. 12--SAN JUAN CAPISTRANO -- Two planned downtown hotels that could have cleared the city approval process this week will face scrutiny from the City Council after the two developers and one local resident filed appeals. On July 26 the Planning Commission approved plans for the 124-room Inn at the Mission San Juan Capistrano and the 102-room Hotel Capistrano by Kimpton. Those approvals drew cheers in the audience and were final unless called up for review by the City Council or appealed to the City Council. On Aug. 2, Councilwoman Kerry Ferguson withdrew a request that she had made for the council to review one or both hotel plans to...
HREC Arranges Sale of Fairfield Inn & Suites Yakima, Washington
March 30, 2016
(Denver, Colorado; San Diego, California) – HREC Investment Advisors is pleased to announce it arranged the sale of the 81-guestroom Fairfield Inn & Suites located in Yakima, Washington. The sale price was $8,700,000. Mike Armstrong, Principal in HREC Investment Advisors' San Diego office, exclusively represented the seller, LLJ Ventures, a value-add real estate investment firm. The hotel was managed by Pacific Pearl Hotels. LLJ acquired the hotel in 2013, and installed a new management team and completed a major renovation which contributed to the hotel's solid year-over-year performance. The buyer is Glacier House Hotels, an...
Orlando Area Hotel Transaction Market Explodes In 2015 According New HREC Investment Advisors Study
HREC | February 17, 2016
(Denver, Colorado; Orlando, Florida) - HREC Investment Advisors has released its comprehensive study of hotel transactions in the Greater Orlando market for 2015. The study covers over 500 hotels located in Orange, Osceola, Seminole, Polk and Lake Counties. The HREC IA study revealed that a total of 68 hotels changed ownership in 2015, up from 45 properties in 2014. Aggregate sales volume in 2015 was $2.4 billion vs. $485 million in 2014. With $1.8 billion in volume, "Portfolio/Corporate" sales dominated "Single-Asset" sales of $596 million. Average transaction size for Single-Asset Sales in 2015 was $11.4 million vs. $7.2 million i...
2015 Headed to Break Hotel Investment Sale Records
HREC | June 1, 2015
Current research by HREC – Hospitality Real Estate Counselors (www.hrec.com) indicates that the volume of 2015 Atlanta hotel transactions will likely exceed all previous years, while existing and new investors in the greater Atlanta lodging industry are reaping record returns. Key Indicators: Hotel Investor Sales Occurring at Record Setting Pace Recently announced high profile transactions include the purchase of the newly-built 228-room Hilton Garden Inn and Homewood Suites dual-branded hotel in Midtown by Carey Watermark Investors; and the upcoming sale to Apple Hospitality REIT of the 128-room Home2 Suites by Hilton - upon its co...
Denver Hotel Investment Alert: Market Strong, Active, Aggressive and Bright Future
April 23, 2015
Current research by HREC - Hospitality Real Estate Counselors (metro Denver headquartered; www.hrec.com) indicates that existing and new investors in the greater Denver lodging industry are reaping record returns; not seen in seven years, since the last 2007 peak of the hotel real estate cycle. Key Indicators: Lodging Investment Trends * In 2014, 30 hotels transacted in metro Denver, approximately double the 16 facilities traded in 2012; * The total dollar value of properties sold in 2014 nearly reach $500 million, representing roughly a 50% increase over 2013 and 86% increase over 2012; * In 2015 so far, 10 hotels have sold repre...
