Hospitality Group

Avison Young Hired Adam Lallani


ATLANTA – April 21, 2020 – Avison Young has hired Adam Lallani to lead the hospitality practice group in Houston. Adam will focus on the valuation, disposition, financing and acquisition of single assets and portfolios across the United States. Adam started his career with Avison Young in June 2017 as an Analyst for Avison Young’s Hospitality Group in Atlanta, Georgia. As an Analyst, Adam was primarily responsible for composing Offering Memoranda and Broker’s Opinions of Value for the hos... Read More

published: 04-23-2020

Avison Young Transactions, March 2020


  ATLANTA – March 31, 2020 – Avison Young Hospitality Group announced the firm closed two hotel transactions in Pennsylvania and Illinois last week. One property was a select service hotel in Allentown PA and the other was a Springhill Suites in Illinois. Pricing for both hotels represented the new normal during the coronavirus situation. About Avison Young Hospitality Group Avison Young Hospitality Group currently has 156 hotels on the market totaling $2.4 billion in market value. Young Hospi... Read More

published: 04-01-2020

Avison Young Transactions


ATLANTA – March 17, 2020 – Avison Young Hospitality Group announced the firm closed five separate hotel transactions last week. The property closings were in Connecticut, Pennsylvania, North Carolina and one closing at the Atlanta Airport. Brands ranged from Marriott select-service hotels to various other brand families. The hotels were all under 200 rooms each and were in suburban and tertiary markets reflective of the ever-changing investment cycle. About Avison Young Avison Young is the world&rsquo... Read More

published: 03-19-2020

Avison Young Lists Red Roof Inn - Westlake Cleveland, OH


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Red Roof Inn Cleveland - Weslake (hereinafter "Property" or "Hotel"), a limited-service hotel located in Westlake, Indiana. The Property provides easy access to I-90 and many points of interest including Crocker Park, Duluth Trading Company, Progressive Field, Sprenger Stadium, Rocket Mortgage FieldHouse, FirstEnergy Stadium, the Rock and Roll Hall of Fame, Lake Erie Nature & Science Center, Sky Zone Trampoline Park, Swing... Read More

published: 03-09-2020

Avison Young Lists Red Roof Inn - Pensacola, FL


Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Red Roof Inn Pensacola (hereinafter "Property" or "Hotel"), a limited-service hotel located in Pensacola, Florida. The Property is near West Florida Hospital and Pensacola Beach. The Property is close in proximity to the Pensacola International Airport (PNS), the University of West Florida, Pensacola Christian College, University Town Plaza, Marcus Pointe Golf Club, Big Lagoon State Park, Pensacola Interstate Fairgrounds, Sam's Fun... Read More

published: 03-09-2020

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, manag... Read More

published: 02-27-2020

Avison Young Lists Maplewood Suites Extended Stay - Liverpool, NY


Seller Financing   Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Maplewood Suites Extended Stay — Syracuse/Airport (hereinafter "Property" or "Hotel"), an extended stay hotel located in Liverpool, New York. Located on 7th North Street and easily accessible via Interstates 90 and 81, The Property is four miles from the Syracuse Hancock International Airport as well as downtown Syracuse. Attractions nearby include the Turning Stone Resort Casino, Point Place Casino,... Read More

published: 01-28-2020

Avison Young Lists Element Conversion Buffalo Amherst - Buffalo, NY


Seller financing/Multi-Housing-Student Housing Conversion   Avison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Element Conversion Buffalo Amherst (hereinafter "Property," or "Hotel"), an extended stay hotel located at 1265 Sweet Home Road, Buffalo, New York. The opportunity offers a new investor the ability to acquire the asset as-is today and finish the Element conversion/build-out or acquire the property at C/O from the owner upon completion. the Property is easily accessi... Read More

published: 01-27-2020

Avison Young Announces Call for Offers: The Chateau Hotel & Conference Center


Avison Young, as sole and exclusive agent, is pleased to offer the leasehold interest (with easy path to fee simple) for one of the highest visibility and commercially viable sites in the market, The Chateau Hotel & Conference Center (hereinafter "Property" or "Hotel"), a full-service hotel located in Bloomington, Illinois. The Property is off U.S. Route 66 three miles from downtown Bloomington. The Hoel is near local entertainment and attraction venues such as the U.S. Cellular Coliseum, Pepsi Ice Center, Bloomingt... Read More

published: 01-23-2020

Avison Young Lists the Holiday inn & Suites Mansfield - Conference Center


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 is connected via a catwalk to the acclaimed Renaissance Theatre next door and is near a variety of local dining, shopping, and entertainment destinations. Minutes from the hotel is The Ohio State University at Mansfield, T... Read More

published: 01-23-2020

Avison Young Lists Staybridge-avid Dual Brand Development Site - Irving, TX


 Avison Young lists this Staybridge/avid Dual Brand Development site.  Property Highlights: Staybridge / avid Dual Brand Development site at the intersection of Texas Rte. 161 and Texas Rte. 183 in Irving, Texas Approved for 175 rooms High barrier to entry market and location Property borders the southeast side of DFW International Airport Over 100 national and international businesses within five miles Purchase price of the site also includes the cost of permits, drawings and approved IHG plans Pr... Read More

published: 12-12-2019

Avison Young Lists Florida-Georgia Marriott Portfolio


Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Florida/Georgia Marriott Portfolio totaling 165 rooms. The Portfolio is being sold fully unencumbered of management and debt and presents the investors with the opportunity to acquire a regionally focused portfolio of upscale hotels with existing in-place cash flow. The portfolio is diversified across two states and is made up of the upscale Marriott brands Courtyard by Marriott and Fairfield Inn & Sui... Read More

published: 11-22-2019

Avison Young Lists Development Opportunity - Topeka, KS


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Re-Development Opportunity (hereinafter "Property," or "Hotel"), a Hotel located in Topeka, Kansas. The Hotel is located on Southwest Fairlawn Road in Topeka and is easily accessible with excellent visibility from Interstate 70. The Hotel is approximately 13 miles from the Topeka Regional Airport. The Property is near local and area attractions such as Washburn University, the Kansas State Capitol, Topeka Zoo, Forbes Field, the... Read More

published: 11-22-2019

Avison Young Lists Wyndham Garden Hotel - Cross Lanes, WV


Avison Young is pleased to offer, on a limited engagement basis to limited prospective purchasers and subject to withdrawal from the market at any time, the fee simple interest in the Wyndham Garden Hotel Cross Lanes Charleston (hereinafter “Property,” or “Hotel”), a select-service hotel located in Cross Lanes, West Virginia. The Hotel is off Interstate 64 with the hotel signage visible from the interstate. The Property is one mile from Mardi Gras Casino and Resort and 12 miles from Charleston, W... Read More

published: 10-23-2019

Avison Young Lists Marriott Farmington - Farmington, CT


The Marriott Farmington is easily accessible via Interstate 84. It is 13 miles away from the Hartford Brainard Airport and 10 miles from downtown Hartford Connecticut.  The Hotel is near local tourist attractions including 160 upscale boutiques and restaurants. The ESPN Headquarters and XL Center Arena are a short drive from the Hotel in downtown Hartford. Local businesses near the Hotel include United Technologies, Ernst & Young, Otis, Trumpf Inc, Stanley Black & Decker, Cognizant, Hartford Healthcare, Acc... Read More

published: 10-23-2019

Avison Young Announces Recent 2019 Closings


ATLANTA –October 9, 2019 – Avison Young Hospitality Group announced that the firm recently closed several hotel transactions. A full-service hotel in Memphis, a Hyatt Place in Augusta GA and a Marriott hotel in Lancaster PA. The firm has 35 other transactions totaling 622 million dollars under sale agreement with expected closings throughout the 4th quarter 2019.             ABOUT AVISON YOUNG Avison Young is the world’s fastest-growin... Read More

published: 10-10-2019

Auction: Hyatt Place Greensboro - NC


Hyatt Place Greensboro is a select-service, six-story, interior corridor hotel positioned on Stanley Road in Greensboro, North Carolina, near the convergence of I-40 and I-73, and 15 minutes from Piedmont Triad International Airport. The 124-room hotel offers a breakfast area, 24/7 Gallery Market, coffee-to-cocktails bar, outdoor pool and fitness center, 1,200 SF of meeting space, business center, and hotel-wide Wi-Fi. Guestrooms offer both king and double beds, flat-screen TVs, work desk, kitchenette, and pullout so... Read More

published: 09-20-2019

Auction: Hyatt Place Columbia Harbison - SC


We are currently accepting offers for the Hyatt Place Columbia/Harbison is a select­-service hotel, well-located on Kinley Road near Lake Murray Boulevard, in Irmo, South Carolina. The hotel is accessible from I-26 near downtown Columbia and close to Columbiana Mall and numerous dining, shopping and entertainment options. The six-story, interior corridor hotel opened as a Hyatt Place in 2007. The 127-room hotel features a lobby, reception, breakfast area, restaurant with 24/7 dining, an outdoor pool, fitness cent... Read More

published: 09-20-2019

Avison Young Lists Homewood Suites by Hilton York - York, PA


Avison Young, as sole exclusive agent, is pleased to offer the leasehold interest in the Homewood Suites by Hilton York (hereinafter "Property," or Hotel"), an extended stay hotel located in York, Pennsylvania, located off Interstate 83, close to Route 30. Central York is located approximately 2.5 miles away, while York College of Pennsylvania is located four miles away and Penn State York is located six miles from the Property. The Hotel is near local tourist attractions such as Harley Davidson, Hershey, and Marti... Read More

published: 09-18-2019