Hospitality Group

Things We Didn’t See Coming


By H. Keith Thompson The past year has been great for a few hotel segments and very difficult for many others. I have personally been through many cycles and this past year has been like no other. A shift has occurred that many people didn’t see coming and most certainly, I didn’t see coming. Given this, I thought I would list a few changes that have come out of the past year. – Old exterior corridor hotels are back in vogue. By their original construction design, they have built in social distanci... Read More

published: 03-04-2021

Avison Young Transaction Volume on the Rise


ATLANTA – February 24, 2021 – Avison Young Hospitality Group said today that their hotel transaction volume so far in 2021 has been good. The firm went on to say that out of 111 current engagements actively on the market, they have 52 under sale agreement. Keith Thompson said, “clearly, the hospitality real estate market is expecting that vaccines will aid the hotel and travel industry for 2021. Hotel performance this year is still projected to be well below 2019 levels but we are seeing RevPAR b... Read More

published: 03-03-2021

Chris Martin Joins Avison Young Hospitality Group


ATLANTA – February 23, 2021 – Avison Young Hospitality Group announces that Chris Martin has joined the firm in its Tampa office. Keith Thompson said, “Chris Martin has joined our team from another brokerage firm, and we could not be more pleased. He comes to us with a deep hospitality background and a well-respected reputation in the hotel industry.” Chris J. Martin is an Investment Hotel Broker with Avison Young’s Hospitality Division. During his career, Chris has underwritten an... Read More

published: 02-24-2021

Wendy Blissett Promoted to Principal of Avison Young’s Hospitality Group


  ATLANTA – February 23, 2021 – H. Keith Thompson, Principal of Avison Young’s Hospitality Group, announced today that Wendy Blissett has been promoted to the title of Principal. “I have worked with Wendy for the better part of 26 years and she is an incredible asset to the firm. During the difficult 2020 pandemic year, she was still able to close on numerous separate hotel transactions which was among the best brokerage performance in the hotel industry. She is incredibly smart and... Read More

published: 02-24-2021

Avison Young 2020 Transactions


ATLANTA – November 12, 2020 – Avison Young Hospitality Group announced the firm has closed 39 hotel transactions this year to date through the pandemic. The transactions were located in 13 states from Colorado to Connecticut, across most of the brand families, and all the closings were under 200 rooms. The firm has an additional 19 hotel transactions under sale agreement with the closings scheduled over the next several months. H. Keith Thompson said, “while Avison Young’s performance this year ... Read More

published: 11-13-2020

Avison Young Lists Super 8 Galva - Galva IL


 Avison Young is pleased to present the Super 8 Galva (hereinafter “Property” or “Hotel”), a limited-service hotel located in Galva, Illinois. The Property is situated at 301 Commercial Street in Galva, less than seven miles from the Kewanee Municipal Airport and easily accessible from SW 2nd Street/Walter Payton Memorial Hwy. The Hotel is located near surrounding area attractions such as downtown Galva, Bishop Hill State Historic Site, and the historic Victorian homes of Wiley Park.  ... Read More

published: 10-29-2020

Avison Young Lists TownPlace Suites Potomac Mills Woodbridge - Woodbridge, VA


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the TownePlace Suites Potomac Mills Woodbridge (hereinafter "Property" or "Hotel"), a select-service hotel located in Woodbridge, Virginia. The Hotel is located on Shoppers Best Way near Interstate 95 in Woodbridge, approximately 26 miles from Washington, D.C. The Property is located near a variety of local shopping and entertainment destinations such as National Mall, Potomac Mills Mall, George Washington’s Mount Vern... Read More

published: 10-28-2020

Avison Young Announces Weekly Open Forum Results


 ATLANTA – October 27, 2020 – Two weeks ago, Avison Young Hospitality Group launched a weekly virtual forum for every Monday at 2pm eastern time running through the end of the year. The main focus of the 45-minute virtual forum is to answer live questions from the participants who are private and public hotel investors, lenders, owners and operators. The hotel investment world has changed since COVID and we want to be a resource to the marketplace. Keith Thompson said, “This forum is not a... Read More

published: 10-28-2020

Avison Young Lists Catalina Boat House Hotel - Avalon, CA


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Catalina Boat House Hotel (hereinafter “Property” or “Hotel”), a studio apartment complex located in Avalon, California. The Property is situated at 200 Marilla Ave, right in the heart of Catalina Island and approximately 13.7 miles away from the Catalina Island Airport in the Sky. The Hotel is located near local tourist attractions such as Catalina Island Bison Expeditions, Catalina Island Zip Line Eco To... Read More

published: 10-22-2020

Avison Young Announces Weekly Open Forum


ATLANTA – October 15, 2020 – Avison Young Hospitality Group announces the firm launched a weekly virtual forum for every Monday at 2pm eastern starting with next Monday, October 19th. The forum will start with a very short overview of the previous week lodging performance at the property level as well as at the publicly traded level. The main focus of the 45-minute virtual forum is to answer live questions from the participants. H. Keith Thompson said, “This forum is for private and public hotel inves... Read More

published: 10-21-2020

Avison Young Lists Red Roof Inn Elkhart - Elkhart, IN


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Red Roof Inn Elkhart (hereinafter “Property” or “Hotel”), a limited-service hotel located in Elkhart, Indiana. The Property is near both Elkhart Municipal Airport (EKI) and the South Bend International Airport. Other points of interest located near the Hotel include Oxbow Park, Ruthmere Mansion, Lerner Theatre, the Elkhart County 4-H Fairgrounds, the University of Notre Dame, Joyce Center Arena, and Amish Ac... Read More

published: 10-07-2020

Auction: Nov 16-18 - SpringHill Suites Overland Park


Auction for SpringHill Suites Overland Park located in Overland Park, KS is scheduled for Nov 16 - Nov 18, 2020. Avison Young is pleased to present in the following pages a comprehensive valuation of the Spring Hill Suites Kansas City Overland Park (hereinafter "Property" or "Hotel"), an extended stay hotel located in Overland Park Kansas. The Property is located 14 miles from downtown Kansas City and easily accessible via Interstate 435. The Hotel is located near tourist attractions such as The Nelson-Atkins Museum ... Read More

published: 10-07-2020

Avison Young Lists Fairfield Inn & Suites Hershey Chocolate Avenue - Hershey, PA


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Fairfield Inn & Suites Hershey Chocolate Avenue by Marriott (hereinafter “Property” or “Hotel”), a select-service hotel located in Hershey, Pennsylvania. The Property, located on West Areba Avenue, is just off of Mill Road and Chocolate Avenue. The Property is near major employers, attractions, government agencies, schools & medical facilities including The Hershey Company, Hersheypark, Hershey's C... Read More

published: 10-06-2020

Avison Young Lists TownePlace Suites Potomac Mills Woodbridge - Woodbridge, VA


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the TownePlace Suites Potomac Mills Woodbridge (hereinafter “Property” or “Hotel”), a select-service hotel located in Woodbridge, Virginia. The Hotel is located on Shoppers Best Way near Interstate 95 in Woodbridge, approximately 26 miles from Washington, D.C. The Property is located near a variety of local shopping and entertainment destinations such as National Mall, Potomac Mills Mall, George Washington... Read More

published: 09-30-2020

Avison Young Lists Best Western Premiere - Carlisle, PA


Seller Financing For Qualified Buyer   Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Best Western Premiere (hereinafter “Property,” or “Hotel”), a limited service hotel located in Carlisle, Pennsylvania. The Hotel is located on Alexander Spring Road just off Interstate 81 in Carlisle, approximately 2 miles from Downtown Carlisle and Penn State Dickinson Law College. The Property is located near a variety of local shopping and entertainment ... Read More

published: 09-25-2020

Avison Young Lists Tru by Hilton - Lawrence, KS


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Tru by Hilton (hereinafter “Property,” or “Hotel”), a select-service hotel located in Lawrence, Kansas. The Hotel is located on Walkarusa Drive just south of Interstate 70, approximately 4 miles from Downtown Lawrence. The Property is walking distance from a variety of local shopping dining and entertainment destinations in West Lawrence. The Hotel is near local tourist attractions such as the Historic... Read More

published: 08-19-2020

Avison Young Lists Red Roof Inn Salem - Salem, NH


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Red Roof Inn Salem (hereinafter “Property” or “Hotel”), a limited-service hotel located in Salem, New Hampshire. The Property is located just two miles from the events happening in downtown Salem. The Hotel is also located near America’s Stonehenge, Robert Frost Farm, New Hampshire Motor Speedway, the Topsfield Fair, Canobie Lake Park, Castleton Banquet and Conference Center, Mount Washington College &... Read More

published: 08-19-2020

Avison Young Lists the Ohio Portfolio - 3 Properties


We proudly present the Ohio Portfolio which is comprised of Sleep Inn & Suites Galion, Comfort Suites Brunswick, and Comfort Suites Wooster.   Portfolio Highlights: Assumable debt Loan assumption decreases cash requirement and improves IRR Assumption reduces or eliminates equity return expense IRR potentially explodes with assumption Significant Upside Geographic economies of scale Hotels opened in 2013, 2017 and 2018 Award winning design/builder 400,000 square foot sports complex being built nex... Read More

published: 07-24-2020

Avison Young Announces Call for Offers Holiday Inn & Suites - Conference Center


CALL FOR OFFERS   Opportunity Zone   Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Holiday Inn & Suites Mansfield - Conference Center (hereinafter “Property,” or “Hotel”), a full-service hotel located in Mansfield, Ohio on Park Avenue West in the heart of downtown Mansfield. The Property, located in an Opportunity Zone, is connected via catwalk to the acclaimed Renaissance Theatre next door and is near a variety of local dining, sh... Read More

published: 07-24-2020