paramount lodging advisors
Paramount Lodging Advisors Closes Out the Sale of the Courtyard by Marriott and Hampton Inn Statesville, NC
Paramount Lodging Advisors | October 28, 2024
Paramount Lodging Advisors (PLA) has successfully transacted the Courtyard by Marriott and Hampton Inn Statesville, NC. PLA Partners Mike Schlictman and Andrew Makhlouf represented the seller in the transactions. The 94-room Courtyard and 80-room Hampton Inn are both proximate to all local leisure demand generators, most notably Statesville Civic Center, Lake Norman, and Statesville Park and Soccer Complex. The properties were sold individually as part of a larger institutional portfolio sale. “As part of our ongoing efforts to deliver exceptional results for our clients, we’re proud to have recently brokered the sales of two instit...
Paramount Lodging Advisors (PLA) Arranges the Sale of the Doubletree Jersey City
Paramount Lodging Advisors | July 17, 2024
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Doubletree Jersey City. PLA transacted the 198-room asset through a receiver sale. The buyer purchased the property with an assumption of the existing CMBS debt. Sales efforts were led by PLA Principals Bennett Webster and Brent Clemens, and PLA director Sean Banilivy. “Our team remains bullish on the market and we look forward to continued strong positive RevPAR trajectory for New York City and surrounding areas. We were pleased to be able to trade with the debt assumption amidst continued uncertainty in capital markets,” noted Webster. PLA is now also...
Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7, 2023
CHICAGO, IL - Paramount Lodging Advisors (PLA) has successfully executed the sale of a Marriott-branded Renaissance Hotel situated minutes from Chicago O’Hare International Airport. Managing Director Mike Schlictman and Director Andrew Makhlouf, along with Partners Bennett Webster and Brent Clemens represented the seller in the transaction. The full-service 362-key Renaissance Hotel opened in 2005 and features over 9,000 SF of meeting space and the Asado Urban Grill restaurant. The upscale property is ideally located in the top 3 MSA market of Chicago....
Paramount Lodging Advisors’ New Building Mural Brings Playful Energy to Old Town
Paramount Lodging Advisors | September 5, 2023
Chicago, IL—Paramount Lodging Advisors (PLA) has partnered with Chicago local artist, Eric Lee to create an expansive mural for the firm’s headquarters located in Old Town. The piece titled Caution: Bridge Out is described as a trompe l'oeil encounter between Wile E. Coyote and the Roadrunner. Lee utilized the three-story building to create a three-dimensional story of the infamous foes, Wile E. Coyote, and Roadrunner – transporting the onlookers into the story; in the desert itself with the vibrant use of color, shading, light and space. “After being in the hospitality business for almost two decades with our companies, Atira ...
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...
Paramount Lodging Advisors Successfully Transacts in College Station With the Sale of the TownePlace Suites by Marriott
Paramount Lodging Advisors | April 25, 2023
College Station, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of a Marriott-branded hotel located in College Station near Texas A&M University. Texas-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid, as well as Sr. Managing Directors Bennet Webster and Brent Clemens represented the seller in the transaction. The 94-key, extended-stay hotel was built in 1999 and is located only a mile and a half from Texas’ largest public university. The new owners are excited to begin work on the Marriott property improvement plan where they hope to benefit from refreshed room product in a contin...
Ray Regan Joins Paramount Lodging Advisors Team
Paramount Lodging Advisors | March 23, 2023
ALBUQUERQUE, NM – The Paramount Lodging Advisors (PLA) team is pleased to announce Ray Regan as their newest Associate. Ray is joining fellow PLA team member, Michael Sheppard in the New Mexico office and will be focusing on the southwestern region of the United States. Ray has a successful background in both individual and portfolio hospitality and commercial transactions in the southwestern market. “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 Regan. Ray can be c...
Paramount Lodging Advisors Successfully Transacts the Sale of Two Hotels in the Atlanta Market
Paramount Lodging Advisors | March 21, 2023
Carrollton, GA - Paramount Lodging Advisors (PLA) has successfully executed the sale of the Best Western and Hilton branded hotels in Carrollton, GA. Texas-based Senior Managing Director Kami Burnette and Director Omari Head lead the sale of the Best Western in a traditional marketing process. The Hampton Inn Carrollton sale was represented by Omari Head along with Principals Bennett Webster and Brent Clemens. Paramount represented the receiver of the 2003 build, 77 key hotel. “Both properties generated significant interest and positive results for our clients,” stated Omari Head. “This is the second closing in the Atlanta area ...
