Savvy Asset Managers Share Their Secrets
When Paramount Lodging Advisors reviewed the financial performance of 140 Chicago-area hotels in the first quarter, the real estate services firm discovered a surprising trend. At more than half the hotels it reviewed, owners hadn’t contested their property taxes over the past three years despite a sharp drop in appraised values industry wide.
Such passiveness among owners amid a deep hotel slump came as a shock to Sanjeev Misra, senior managing director of Chicago-based Paramount Lodging Advisors. “Simple things have to be done,” Misra said emphatically at last week’s panel discussion on the art of asset management during the third annual Midwest Lodging Investors Summit in Chicago...
Read full article published on National Real Estate Investor (NREI) on July 19, 2010
Read full article published on Lodging Hospitality on July 20, 2010
5 secrets from asset managers
CHICAGO — Can you keep a secret? Asset managers sure can’t—especially when discussing their time-tested tactics for surviving the downturn and preparing for recovery.
That proved a good thing for attendees of a breakout session at the Midwest Lodging Investors Summit this week. During the presentation, titled “Asset Managers Share Their Secrets,” a panel of seasoned asset managers disclosed the following pieces of advice for maximizing the value of a hotel.
1. Plan for various outcomes
2. Communicate objectives
3. Approach problems as a team
4. Maintain efficiency
5. Get smart about your market
Read full article published on Hotel News Now (HNN) on July 15, 2010
Airport hotel anguish
Despite the bargain bid for the O'Hare InterContinental, the deal could jump-start the market for other distressed hotel properties in the area.
CLICK HERE to view video.
For more information read Dan’s BLOG at The Lobby Level, CLICK HERE.
Paramount Lodging Advisors sells the Fort Wayne Hotel and Conference Center for conversion to a Senior Living Facility
Paramount™ Announces New Asset Management Assignment For The Holiday Inn Express Muncie
(+) Read Full Version
New Index Targets Hotel Market Potential
As the economy continues to recover and the hotel industry regains its footing, the question for developers has begun to shift from when and how to where. The Lodging Market Potential Index (L-MPI), first introduced last year at the Midwest Lodging Investors Summit, helps answer that question, ranking the 25 largest lodging markets in the U.S. by long-term potential for hotel investment. Developers and investors—looking to buy or build—now have a comparative analysis of the markets with the most potential.
Published in Lodging Hospitality on April 26, 2010(+) Read Full Version
New Era for Hospitality
Published in Biznow.com on April 20, 2010(+) Read Full Version
Foreclosures Reveal Red Roof Inn Distress
Lodging Hospitality managing editor
“Ultimately there are a lot of Red Roof Inns throughout the country,” Beider says. “They’re not going to go away. The economy segment is one of the few segments where there’s really no 500-pound gorilla. The truth is Red Roof Inn has as good an opportunity as anyone to be that gorilla. And maybe if we didn’t have this 30% drop in NOI (net operating income) it would have been. The focus for everyone has been on survival as opposed to meeting the business plan.”
Published in LHonline.com on April 15, 2010(+) Read Full Version
Kevin Down says Paramount hopes to capitalize on hotel foreclosures in Chicago
Published in Biznow.com on April 5, 2010.
Paramount Hires Four for Hotel Valuations
GlobeSt.com
CHICAGO
- Paramount Lodging Advisors has hired four new staffers as the
company stays busy handling servicing work and expects the
hospitality transaction market to heat up in the beginning of the
third quarter. Dan Beider, chairman and senior managing director of
the company, tells GlobeSt.com that hotel consultants are needed
now more than ever, as lenders and special servicers struggle to
evaluate properties.
Published in GlobeSt.com on March 29, 2010.
Paramount Lodging Advisors’ involvement with DePaul University’s School of Hospitality Leadership fosters growth
Chicago,
IL | March 24, 2010
– Paramount Lodging Advisors (PLA) recently hired four (4)
associates in Chicago, Illinois leveraging the relationship with
DePaul University of which Daniel Beider, PLA’s Chairman and Senior
Managing Director, is an alumnus and a member of the Board of
Advisors for the School of Hospitality Leadership.
“Paramount
has been blessed with the ability to grow from 10 to 25 team
members in a very short period of time, resulting in a team capable
of any size assignment with no geographic boundaries, and the fact
these recent additions have come from DePaul is very exciting. The
relationship we have with the University has already paid great
dividends, even of course as none were expected.” -
Beider
Opportunities in the Chicago Hotel Market Explored
”The downtown Chicago market has been impacted heavily by the
macro-economic factors affecting the entire country as well as
supply growth leading up to the downturn in 2008. Independent and
boutique hotels have experienced less of a decline in occupancy
than their branded competition but have suffered much greater
declines in rate. Our panelists gave us real-world examples of how
the declines in revenue their hotels have experienced have impacted
their ability to maintain capital expenditure budgets at the levels
normally expected by the brands as well as the traveling
public”
- Mark Heisler
Managing Director, Paramount Lodging Advisors
Published in Hotel World Network on March 1,
2010.
Timing critical for success in the distressed market
Hotel and Motel Management
Flexibility and timing go hand in hand, Beider said. “Timing is incredibly important,” he said. “We had an REO asset that we took to market and had an acceptable buyer for, and our client wanted things to move at the same pace they did three years ago. That simply is not reality anymore.”
Published in Hotel World Network on February 11, 2010.(+) Read Full Version
Paramount Lodging Advisors’ Holiday Advocacy: Sharing
Over $300,000 of original art works were donated by an anonymous Paramount principal to Vancouver's local hospitals including Vancouver General (VGH), UBC Hospital, St Paul's Hospital, and Children's Hospital. The art donation will be used to help cheer up these environments – both for patients and for the tireless and dedicated caregivers at these institutions, as well as to help raise funds to support operations as and facilities. Art donated included works by Picasso and other international and local artists.
(+) Read Full VersionHotel Burnham faces foreclosure
View Original Article Here
“If they had the same capital structure that they had before they refinanced, they probably would have been able to make the debt payments,” says Dan Beider, chairman and senior managing director of Paramount Lodging Advisors, a Chicago-based hotel brokerage. “It’s the typical case of overvaluation and overleverage.”
(+) Read Full Version
Year after market dive, lenders still holding keys
Paramount Asset Management engaged as Asset Manager for the new Radisson Hotel in Waco, Texas
Chicago, IL | October 29, 2009 – Paramount Lodging Advisors is pleased to announce its recent engagement as asset manager of the new Radisson Hotel located at 810 Interstate 35 North, Waco, Texas.
(+) Read Full VersionParamount Lodging Advisors Bolsters Its Ranks
Paramount Lodging Advisors continues growth
Paramount Lodging Advisors continues rapid growth with the addition of Mark Heisler and Michael Kitchen
Paramount Lodging Advisors is pleased to announce the expansion of their Chicago headquarters, which brings the number of full time Chicago based advisors/brokers to eight. At this time of change and uncertainty in the lodging industry, Paramount is positioned more than ever to execute the beginning-to-end strategic plan of a successful engagement or transaction.
(+) Read Full VersionLMPI: A New Tool for Hotel Investment
Ugly Betty Needs A Facelift
Converting Hotels into Sound Investments
MLIS: Valuation tough until more deals closed
Paramount Lodging Advisors completes the sale of the Baymont Inn and Suites in Toledo, Ohio
- Daniel Beider
(+) Read Full Version
Baymont Inn and Suites sold
Paramount Lodging Advisors completes the sale of the Baymont Inn and Suites Toledo
Paramount completes sale of Baymont Inn and Suites in Ohio
Paramount and Hardisty Baxter create distressed hospitality services group
Paramount Lodging Advisors and Hardisty Baxter Form Distressed Hospitality Services Group
Paramount, Hardisty Baxter Team To Aid Distressed Properties
Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group
Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group
Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group
(+) Read Full Version
Recession weighs down on hotel property values. Are we out of it yet?
Will Hotel Values Rise Next Year?
Paramount Lodging Advisors to provide asset management for new Hampton Inn
The Magic of mixed-use: Condos drive deals but hotels drive condos
Paramount™ Announces New Asset Management Assignment
“We are excited to be
involved in another Hampton Inn operation and look forward to
helping make this hotel a top performer in the marketplace”
-
Sanjeev Misra, Managing Director of
the Asset Management group
Lakhany joins Paramount Lodging Advisors
Paramount Lodging Advisors Welcomes a new Associate in Chicago, IL
Chicago,
IL
- Paramount Lodging Advisors (PLA) is pleased to announce the
addition of Mr. Samir Lakhany to the Paramount™ Team. Mr. Lakhany
will be based in Chicago, IL and will be assisting clients on
capital markets, asset management advisory, as well as, hotel
transactions in the United States.
PLA Chairman and Senior Managing Director Daniel Beider
comments,
“Samir’s background is ideal for the expansion of not only our
Chicago office but Paramount™ as a whole. With experience in both
hotel operations and investment banking, we are excited to watch
Samir adapt to a hybrid of activity in all facets of our company,
help us develop our capital markets and asset management platforms,
and participate in our traditional hotel brokerage practice as
appropriate.”
Asset Managing Through a Downturn
Asset Managing Through a Downturn
Central Regional Hotel Update
Paramount Lodging Advisors welcomes a new associate in Vancouver, Canada
“She is the epitome of integrity, has a great work ethic, and is
fueled by drive, passion, clarity and heart - a representative role
model of what can be achieved with a quiet and understated finesse
and power”
-
Jim Mouzourakis
Paramount Lodging Advisors brokers Best Western property sale
Paramount Lodging Advisors completes Best Western Ludlow Transaction
Paramount Lodging Advisors completes the transaction of the Best Western Ludlow Colonial in Ludlow, Vermont
Ludlow, VT - Paramount Lodging Advisors is pleased to announce the recent sale of a 50-room Best Western property in Ludlow, Vermont. The hotel was acquired by R.S.B. Ludlow, Inc. and will continue to operate under new ownership with the Best Western affiliation.
(+) Read Full VersionVendor News (feat. Jeff Cunningham)
Paramount Lodging Advisors Welcomes a new Associate in Chicago, IL
Chicago,
IL -
Paramount Lodging Advisors is pleased to announce the addition of
Mr. Brian M. Fay to the Paramount™ Team.
"We are very excited to have Brian Fay as part of our team" says
Daniel Beider, Senior Managing Director of Paramount Lodging
Advisors. "Not only is he just a flat out good broker, he has
the same type of belief system that we focus on - ethics,
cooperation, industry operating model acumen, and desire to be
viewed as a hotelier, as opposed to simply an advisor, which are
the staples of our company."
Paramount Lodging Advisors Welcomes a new Associate in Phoenix AZ
Phoenix,
AZ
- Paramount Lodging Advisors is pleased to announce the addition of
Jeffrey T. Cunningham to the Paramount™ Team. He will be working
with Lloyd Farley and Mike Trevino as a Principal of the Phoenix,
Arizona office with primary focus on hotel transactions in the
Southwestern United States.
Paramount Lodging Advisors brokers sale..
Paramount Lodging Advisors completes Hilton Garden Inn Transaction
Transactions worse than most predicted
Financial sector meltdown leaves lodging in lurch Fallout may create opportunity for some, failure for others
Hilton Garden Inn in Addison fetches $13.44M
Paramount Lodging Advisors completes Hilton Garden Inn Addison, IL. Transaction
"Given the difficulties
many buyers and sellers are facing in today’s tumultuous market
place we were very pleased to participate in the successful sale of
the Hilton Garden Inn. It required time and patience by all parties
involve. We certainly believe it will prove to be a nice
accquisition for Infinity.”
-
Adam Montufar, Senior Associate,
Paramount Lodging Advisors
Paramount brokers 6-property portfolio
Paramount Lodging Advisors advises Homecourt Hospitality on disposition to Apple REIT
Paramount Lodging Advisors advises Homecourt Hospitality on disposition to Apple REIT
"The overall portfolio given its average age, product improvements
and stable markets should prove to be a great addition to an
already impressive portfolio of hotels within Apple REIT
Companies”
- Joe Ross, Paramount Lodging Advisors.
Paramount Lodging Advisors Welcomes a new Associate
Are energy costs cutting into your returns?
Chronicles of a Young Broker
Paramount Lodging Advisors welcomes Hotel & Restaurant Expert
Paramount Lodging Advisors transacts Hampton Inn Dunn, North Carolina
“Debt and Equity Update”
Chicago Hotel Advisory Group Combines Local Touch with International Reach
Wave of REIT transactions has industry taking notice
(+) Read Full Version
Veteran Hotel Brokers Form Paramount Lodging Advisors
Ex-NAI execs break away and form Paramount Lodging Advisors
Veteran Hotel Brokers Form Paramount Lodging Advisors
- Daniel Beider(+) Read Full Version
Paramount Lodging Advisors Member Biographies
What does cap rate compression mean for hotel investors?
Vendor News feat. Daniel Beider
Daniel Beider examines Management Company Portfolio Growth for HotelMotel.com
Conduit Financing
(+) Read Full Version
1031 Exchange Process
(+) Read Full Version
