Avison Young Announces January and February Closings
ATLANTA – February 26, 2020 – Avison Young Hospitality Group announced that the firm has closed 20 hotel transactions during January and February. The property closings ranged from Hilton select service hotels to various other brands located throughout the northeast, upper Midwest, south central and southeast. Most all the hotels are under 200 rooms each and represent the ever changing hospitality investment market.
The sellers represented in these transactions range from US investment companies, management companies and overseas investors. The buyers were mostly private investment companies and private family office money with the strategy of investing in tertiary markets where yield volatility is better managed. H. Keith Thompson said; “given this week’s decline in public traded companies, these latest transactions represent accretive investments for both the seller and buyer. Further, these transactions represent the flight to yield consistency that is provided by the suburban (2nd tier) hospitality investment strategy as compared to urban core.”
ABOUT AVISON YOUNG
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. The company, founded in 1978, comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, and multi-family and hospitality sectors.
ABOUT AVISON YOUNG HOSPITALITY GROUP
Avison Young Hospitality Group currently has 133 hotels on the market totaling $1.8 billion in market value. Young Hospitality Group specializes in select service and full-service hotels within the US and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds, and private investors. Visit Avison Young’s hospitality group online at www.avisonyoung.com under the “services” tab.
Contact: Keith Thompson