select service hotels
Flynn Properties and Värde Partners Form Joint Venture, Acquire 20 Select Service Hotels
Flynn Properties, Inc. | August 9, 2021
SAN FRANCISCO, CA and MINNEAPOLIS, MN – August 9, 2021 – Flynn Properties Inc., owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partners, a leading global alternative investment firm, today announced that it has acquired 20 select service hotels – 11 Marriott®- and nine Hilton®-branded locations – in a $211 million deal with Apple Hospitality REIT (NYSE: APLE), a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. The newly acquired ...
Why Select Service Hotels Are Coming to the City Center
JLL | July 29, 2019
July 29, 2019 -- It used to be that guests at every downtown hotel expected bell staff, a concierge, extensive meeting spaces and spacious rooms. But these days, guests are getting comfortable with a lot less. Select service hotels with fewer amenities and smaller rooms — once confined to suburbs, small towns and the areas surrounding airports — are growing in city centers. This industry sector has seen double-digit percentage change growth in terms of the number of rooms that exist in major U.S. markets from 2015 to 2019, according to JLL research. Hotel brands like Hilton Garden Inn, Tru by Hilton, Courtyard by Marriott and Hyatt ...
Paramount Lodging Advisors Arranges Sale of Hilton Garden Inn Lake Oswego/ Portland OR
Paramount Lodging Advisors | December 15, 2015
Paramount Lodging Advisors Arranges the Sale of MLCFC 2007-9 Western Lodging Limited Partnership Interest in Lake Oswego, Oregon OSWEGO, OR—Paramount Lodging Advisors (PLA) has completed the sale of MLCFC 2007-9 Western Lodging Limited Partnership interest in the Hilton Garden Inn to Lake Oswego Hotel LLC for $33.5 million/$187,000 per room to InterWest Capital Corporation. Senior Managing Director of the Western U.S., Scott Griemsmann, represented the owners in the transaction. "Lake Oswego and the overall Portland area are on pace for another solid year of RevPAR growth for the 4th straight year, the region's lodging market con...
