Hospitality Group

Avison Young Hospitality Group Expects Strong Transaction Market in 2018


ATLANTA – June 21, 2018 – The Avison Young Hospitality Group continues to see aggressive transaction levels during the first two quarters of 2018. Although we don’t advertise each closing, we are expecting another strong transaction year for all brokerage shops. We currently have a healthy stable of hotel transactions lined up over the next several months and continue to see accretive value in the market cycle. For the past six months we have advised clients that the sale cycle has, or, is peak... Read More

published: 07-05-2018

Avison Young Lists Country Inn & Suites - Pella, IA


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Country Inn & Suites (hereinafter "Property," or "Hotel"), a select-service hotel located in Pella, Iowa. The Hotel is located on Roosevelt Road just off South Clark Street in Pella, Iowa. South Clark Street is just off Iowa-163. The Hotel is visible from the highway. The Country Inn & Suites is near Central College, Bos Landen Golf Course, Rolscreen Museam and the Scholte House Museum. Other attractions include the Nationa... Read More

published: 06-26-2018

Avison Young Lists Holiday Inn Express & Suites - Garden City, KS


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Holiday Inn Express & Suites (hereinafter "Property," or "Hotel"), a select-service hotel located in Garden City, Kansas. The Property is on Kansas Avenue East Adjacent to Hwy 156 and Bypass/Look Hwy 83/50. It is easily accessible via Highway 83/400 and located ten miles away from the Garden City Regional Airport; downtown Garden City is two miles away. The Hotel is near several tourist attractions such as the Lee Richardson Zo... Read More

published: 06-26-2018

Avison Young Hospitality Group Discusses 2018 Hospitality Market Trends


The last five months have been unusual for the hotel transaction market. Some of the hotel real estate investment trust (REIT) stocks began to compress in late January, resulting in fewer REIT purchases than the first five months of the same time period in recent years. This market change began after the ALIS hotel investor conference in late January, which is somewhat countercyclical, given there is usually an uptick in stocks after investment conferences. Clearly, market analysts heard news at the conference that ca... Read More

published: 05-25-2018

Avison Young Lists Holiday Inn Lynchburg - Lynchburg, VA


Avison Young, as sole exclusive agent, is please to offer the fee simple interest in the Holiday Inn Lynchburg (hereinafter "Property," or "Hotel"), a full service hotel located in Lynchburg, Virginia. The Property is located just off Main Street in downtown Lynchburg. The Property is located ten miles away from the Lynchburg Regional Airport. The Hotel is near local tourist attractions such as the Anne Spencer House & Garden Museum, Nature Zone, Thomas Jefferson's Poplar Forest, Calvin Falwell Field and others. Din... Read More

published: 05-25-2018

Avison Young Lists Hampton Inn - Bessemer, Alabama


Avison Young, as sole exclusive agent, is please to offer the fee simple interest in the Hampton Inn (hereinafter "Property," or "Hotel"), a select service hotel located in Bessemer, Alabama. The Property is situated just off Interstate 59/20. It is easily accessible via Interstate 59/20, Academy Drive and 9th Avenue Southwest. It is approximately 18 miles from downtown Birmingham, Alabama and 22 miles from Birmingham-Shuttlesworth International Airport. The Hampton Inn is near local tourist attractions such as Legion F... Read More

published: 05-03-2018

Avison Young Lists DoubleTree Tulsa-Warren Place - Tulsa, OK


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the DoubleTree Tulsa—Warren Place (hereinafter "Property," or "Hotel"), a full service hotel located in Tulsa, Oklahoma. The Property is on South Yale Avenue, not far from Interstate 44. It is eleven miles from Tulsa International Airport and two miles from OU-Tulsa. The Hotel is near local tourist attractions such as the BOK Center, Oklahoma Aquarium, Gilcrease Museum, and the Expo Square Pavilion. Dining, shopping, and entertai... Read More

published: 05-03-2018

Avison Young Lists SpringHill Suites - Bossier City, Louisiana


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the SpringHill Suites Shreveport-Bossier City/ Louisiana Downs (hereinafter "Property," or "Hotel"), a select service hotel located in Bossier City, Louisiana.  The Property is located just off interstates 20 and 220 on the grounds of Harrah's Louisiana Downs (casino and racetrack). Barksdale Air Force Base and Cyber Innovation are within three miles of the Hotel. The Property is near the Red River District, which is in the heart... Read More

published: 05-03-2018

Avison Young Lists Candlewood Suites - Clarksville, Tennessee


 Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Candlewood Suites (hereinafter "Property," or "Hotel"), an extended stay hotel located in Clarksville, Tennessee. The Property is situated on Clay Lewis Road, off Wilma Rudolph Boulevard, off interstate 24. Downtown Clarksville and Austin Peay State University are seven miles from the Property. The Hotel is within walking distance to Logan's Roadhouse, Walmart, Applebee's, Shoney's, Panera Bread, and several fast food restau... Read More

published: 04-10-2018

Avison Young Lists Shediac - New Brunswick, Canada


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Hotel, Shediac (hereinafter "Property," or "Hotel"), a select service hotel located in Shediac, New Brunswick, Canada. The Property is situated off Highway 133/Main Street in dowtown Shediac. The Hotel is within a 10-mile walk of Maison Historique Pascal-Poirier and Heron Bay Gallery. Shediac's Giant Lobster and Rotary Park are also within one mile (2 km). The Property is located near the coast, Pointe du Chene Range Lighthouse an... Read More

published: 04-10-2018

Avison Young Lists Broadway Hotel - San Francisco, CA


 The Broadway Hotel is a mixed-use retail/residential hotel located in a world-class location on the border of Nob Hill and Russian Hill, in one of San Francisco's most affluent and desirable neighborhoods. The subject site is rectangular and measures 7,551 square feet. The 26,659 square foot, 4-story building was built in 1907 and consists of 81 rooms with shared baths, three community kitchens, a manager's apartment and eight retail spaces with approximately 6,767 square feet of Gross Leasable Area (GLA). This pr... Read More

published: 04-10-2018

Avison Young Announces Call for Offers on Courtyard by Marriott Prattville


 Call for offers for this Courtyard by Marriott located in Prattville (Montgomery) AL is scheduled for April 19, 2018.  The Property is situated off Interstate 65, approximately ten miles from Downtown Prattville, and 18 miles from Montgomery Regional Airport (MGM). The Hotel is near local tourist attractions such as the Rosa Parks Library and Museum, Montgomery Museum of Fine Arts, Montgomery Zoo, Alabama State University, and Faulkner University. The Hotel has an on-site restaurant, as well as many dining, ... Read More

published: 04-10-2018

Avison Young Lists Highlands Condo Redevelopment - Gatlinburg, TN


Avison Young, as sole exclusive agent, is pleased to offer the fee simple and entitled interest in the Highlands Condo Redevelopment. The site has easy access from downtown Gatlinburg as well as the Gatlinburg Bypass. The three parcel, 6.113-acre/redevelopment is being offered on fee simple land and is entitled for condominium use. The development is currently zoned R-2 (medium-density residential). The site sits atop a ridge overlooking downtown Gatlinburg and the Great Smokey Mountains. Wildfires destroyed the condomi... Read More

published: 04-05-2018

Avison Young Lists Lenape Heights Golf Resort - Ford City, PA


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Lenape Heights Golf Resort (hereinafter "Property," of "Hotel"), a golf course and resort hotel located in Ford City, Pennsylvania.  The Property is conveniently located in the center of Armstrong County, 50 minutes from Downtown Pittsburgh, Pennsylvania. Lenape Heights is a n 18-hole public golf course, with a luxurious European-style Boutique Hotel with 20 rooms and suites, a fin-dining restaurant and outdoor terrace, Sport... Read More

published: 04-05-2018

Avison Young Hospitality Group First Quarter Review


ATLANTA – March 20, 2018 – The Avison Young Hospitality Group announced today that it expects to end the first quarter of 2018 having closed one hotel every week. The most notable sales included a full-service Marriott Hotel in the Chicago MSA and a Homewood Suites in downtown Nashville. The balance of closings included four other Hilton/Marriott select service hotels located throughout several regions and additional brand family closings.    Avison Young Hospitality brokers involved in... Read More

published: 04-02-2018

Avison Young Hospitality Group Announces January 2018 Closings


ATLANTA – February 12, 2018 – The Avison Young Hospitality Group announced today that it has brokered the transaction of six hotels in January. The hotels included a full-service Marriott, a Courtyard by Marriott, two Marriott Fairfield Inns, one Red Roof Inn and one Comfort Inn. The hotels were located in Chicago, Washington, D.C., El Paso, Texas, High Point and Greensboro, N.C., and Columbus, Ga. Avison Young Hospitality Brokers involved in these sales were Brad Sinclair, Andy Broad, Rick George, Wendy Bl... Read More

published: 02-15-2018

Avison Young Hospitality Group Announces Closings


ATLANTA – November 1, 2017 – The Avison Young Hospitality Group announced today that it has closed 33 hotel transactions over the past 22 weeks. It also announced the hotel practice group has closed 318 hotel transactions since 2013 consisting of 91 Marriott, 68 Hilton, 42 IHG, 27 Choice, 16 Red Roof, 14 Wyndham, 7 Carlson and 53 other branded, historical or independent hotels.  “The market is still in the window of this up-cycle,” said H. Keith Thompson principal at Avison Young. “... Read More

published: 02-07-2018