Avison Young Hospitality brokers involved in the sales were Brad Sinclair, Andy Broad, Chris Stark, Michael Bernath, Rick George, Wendy Blissett, Rex Cagle, Thierry Roch and John James.
“For the past six months we have advised clients that the sale cycle has, or is, peaking and disposition decisions should be viewed as either acting now or holding for five to six years” said H. Keith Thompson. “We believe this advice is even more timely than it was six months ago.”
ABOUT AVISON YOUNG HOSPITALITY GROUP
Avison Young Hospitality Group is a national hotel practice group supported by 69 North American office locations and 2300 people. The firm currently has 274 hotels on the market totaling 3.9 billion in market value and for the past five years, the firm has been involved in one hotel transaction every five days. Avison Young Hospitality Group specializes in select service and full service hotels within the U.S. and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors.