Hospitality Group

Avison Young Lists Four Points Newburgh Stewart Airport - Newburgh, NY


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Four Points Newburgh Stewart Airport (hereinafter “Property,” or “Hotel”), a full-service hotel located in Newburgh, New York. Located at 5 Lakeside Road off of New York State Route 17K and Interstate 84, the Hotel is near many renowned area attractions, including Legoland Amusement Park opening Summer 2020, Washington’s Headquarters State Historic Site, the Pride of the Hudson and Brotherhood Wi... Read More

published: 07-01-2020

Avison Young Lists Quality Inn Lake of the Ozarks - Lake Ozark, MO


Avison Young, as the sole executive agent, is pleased to offer the fee simple interest in the Quality Inn Lake of the Ozarks (hereinafter “Property” or “Hotel”), an economy hotel located in Lake Ozark, Missouri. The Hotel is located on Bagnell Dam Boulevard off State Route 54, approximately three miles from Downtown Lake Ozark. The Property is near a variety of local shopping, dining, and entertainment destinations just a short drive from the Hotel. The Hotel is near local attractions, includin... Read More

published: 08-07-2020

Avison Young Lists Holiday Inn Downtown Louisville - Louisville, KY


Potential Assumable Debt and Owner Financing   Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Holidays Inn Downtown Louisville (hereinafter "Property," or "Hotel"), a select-service hotel located in Louisville, Kentucky. The Property is located at the corner of 1st Street and W. Muhammad Ali Blvd, situated in the heart of Downtown and the commercial business district. The hotel benefits from its proximity to a myriad of local demand generators, including Kentuck... Read More

published: 10-07-2020

Auction: Hotel Development Site - Tifton, GA | August 10-12


Online Auction for this Hotel Development Site located in Tifton, GA is scheduled for Aug 10 - 12, 2020.  Avison Young presents the fee simple interest in a shovel-ready, 3.84-acre development site (2202 US Highway 41 N.), approved for a 128-key upscale select-service hotel development opportunity. The site is positioned within Tifton North, a 12.19-acre lifestyle center currently under construction in Tifton, Georgia. The future hotel site will be the centerpiece of the Tifton North mixed-use development. The of... Read More

published: 06-08-2020

Avison Young Lists Holiday Inn Express & Suites - Kansas City, MO


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 Kansas City, Missouri. The Property is off Interstate 70 and Interstate 435, near many local attractions, including Kauffman Stadium, Arrowhead Stadium, and Truman Sports Complex. The Hotel is in proximity to downtown restaurants, attractions, and shopping; the Starlight Theatre offers shows and concerts, Country Club Plaza ... Read More

published: 06-05-2020

Avison Young Lists La Quinta Inn & Suites Conversion - Overland Park, KS


Price Reduced Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the La Quinta Inn & Suites (hereinafter "Property" or "Hotel"). The La Quinta Inn & Suites is currently under a full renovation to a Comfort Inn & Suites. The Hotel is a select-service hotel located in Overland Park, Kansas, located off Interstate 435 near many Kansas City, Kansas attractions, including The Nelson-Atkins Museum of Art, the National WWI Museum and Memorial, and the Kansas City Conve... Read More

published: 06-05-2020

Optimism Versus Reality


Optimism Versus Reality - By H. Keith Thompson I am, by my very nature, an optimist. I don’t think you can be a hotel broker and not be an optimist. Optimism is welcomed, wonderful, and useful, but there must be some reality woven in. Today there are 40+ million people unemployed in the US, and it is expected that the May 2020 unemployment rate will be 20+/-%. For the hospitality industry, COVID has caused performance to plummet to levels never seen before. While I am happy to see public companies rebounding in ... Read More

published: 06-02-2020

Post-COVID Brokers Opinion of Value


 ATLANTA – May 14, 2020 – Avison Young Hospitality Group presents a new Post-COVID Brokers Opinion of Value Format. The hospitality industry has been shaken to its core over last several months by the Covid-19 pandemic and the global economic shutdown the virus has left in its wake. Markets across the country and the world have seen business grind to a halt, with hoteliers in every corner of the globe feeling immense economic pressure from the drastic loss in business. We at Avison Young understa... Read More

published: 05-19-2020

From Density to Distancing


By H. Keith Thompson, Principal Avison Young Hospitality Group Ten short weeks ago, business was about packing in as much density with as many people as possible. From hotels, conventions, sports venues, air travel, resorts, retail, and office buildings – down to going to a Costco. Now, ten weeks later, it is all about staying separate and distancing yourself from other people. How can this be possible? Because COVID-19 (‘CV”) has caused a shift in the paradigm of personal life and commercial life th... Read More

published: 05-13-2020

The Real Effect of COVID-19


Public interviews versus private interviews  By H. Keith Thompson, Principal Avison Young Hospitality Group Publicly accessible interviews seldom tell the real story. The real story is only garnered through private conversations that are kept confidential. The reason is simple; no CEO wants to discuss publicly the real-time performance, cash position, losses and contingency plans inherent in their company’s strategy. They have peers, competitors, investors and lenders who simply do not want this level of co... Read More

published: 05-08-2020

Avison Young Lists Staybridge Suites Hillsboro North - Hillsboro, OR


Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Staybridge Suites Hillsboro North (hereinafter "Property," or "Hotel"), an extended stay hotel located in Hillsboro, Oregon. The Hotel is located on Casper Court off US Highway 26 in Hillsboro, approximately 13 miles from Downtown Portland. The Property is a brand new location built in March of 2019, located near the Streets of Tanasbourne Outdoor Mall, the Portland-Hillsboro Airport, 25 miles from Portland International A... Read More

published: 04-29-2020

Avison Young Announces Call for Offers on Ramada Plaza/Baymont Inn & Suites


Call for Offers 10/16 5:00 EST   Call for offers for the Ramada Plaza/Baymont Inn & Suites located in Fayetteville, North Carolina is scheduled for Friday, October 16th. This fee simple interest, full-service hotel is situated six miles from Fort Bragg and three miles from downtown Fayetteville. The Property is near a variety of local shopping and entertainment choices. Fayetteville is the home of Fort Bragg, which brings approximately $4.5 billion in economic impact to the area. Local demand generators incl... Read More

published: 04-29-2020

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


Holiday Inn Conversion 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 C... Read More

published: 01-28-2020