Paramount Lodging Advisors’ Holiday Advocacy: Sharing
December 2009 -
Paramount Lodging Advisors (PLA) has always found ways
to incorporate charity into ordinary activities. This
holiday season, PLA encourages business associates and
peers to SHARE.
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.
Hotel 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.”
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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 Version..Paramount Lodging Advisors completes the sale of the Baymont Inn and Suites in Toledo, Ohio
Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group
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Paramount™ Announces New Asset Management Assignment
Chicago, IL June 29, 2009 –
Principals from Paramount Lodging Advisors have been
engaged as asset manager for the new Hampton Inn and
Suites located in Deer Park, IL. The hotel is scheduled
to open on July 7th, 2009 and features 104 deluxe
guestrooms including 34 spacious suites.
“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”, says Sanjeev Misra,
Managing Director of the asset management
group.
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
Paramount Lodging Advisors welcomes a new associate in Vancouver, Canada
Vancouver, Canada - Paramount Lodging Advisors is very pleased to announce the addition of Laura MacNiel, a dynamic new associate to the Vancouver, Canada office.
Read Full Version..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 Version..Paramount Lodging Advisors Welcomes a new Associate in Chicago, IL
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 completes Hilton Garden Inn Addison, IL. Transaction
Addison, IL - Paramount
Lodging Advisors is pleased to announce the sale of the
recently renovated 153-room Hilton Garden Inn in
Addison, IL. Paramount Lodging Advisors Chicago, LLC
Senior Associate Adam Montufar facilitated the
transaction through a collaborative effort with Robert
Chvalovsky of W-W Real Estate who represented the
seller.
Paramount brokers 6-property portfolio
Paramount Lodging Advisors advises Homecourt Hospitality on disposition to Apple REIT
Charleston, SC - Paramount
Lodging Advisors is pleased to announce the portfolio
sale of 6 hotels (613 total keys) to Apple REIT.
Paramount™ Principal members Josh Williams and Joe Ross
advised the seller Homecourt Hospitality on this
transaction.
Paramount Lodging Advisors Welcomes a new Associate
Are energy costs cutting into your returns?
We usually place utility costs under the ‘fixed expense’ section of our income statements, but the reality on the ground is that as these costs continue to outpace inflation, hotel operators need to actively manage these costs to be successful. Read Full Version..
Chronicles of a Young Broker
As any broker will tell you, we ring the bell, but we don’t ring it daily. A typical transaction, wire-to-wire can run anywhere from 45 days to 6 months to 3 years and beyond. A considerable amount of time and effort is required to properly facilitate a hotel transaction. Any number of issues may arise at any moment; an unfortunate reality that we must learn to deal with. Admittedly it took time for me to understand this. As a hungry, young professional I was willing to do any and everything possible within ethical reason to transact a hotel. This desire led me into a catch 22 of sorts, a position every broker has found himself or herself caught up in. Read Full Version..
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
There has been a recent flurry of announcements ushering in a new era of privatization of hotel REITs via private equity firms and joint ventures. The likely scenario is that this trend will continue through the remainder of 2007 and beyond. Read Full Version..
Veteran Hotel Brokers Form Paramount Lodging Advisors
Veteran Hotel Brokers Form Paramount Lodging Advisors
Member Biographies
Paramount Lodging Advisors (PLA) principals are licensed brokers and collectively have more than 150 years of hospitality and real estate experience. Read Full Version..
The Magic of mixed-use: Condos drive deals but hotels drive condos
From facilitating development where otherwise prohibitive, to adding value, the mixed-use development has evolved into a savvy new creature at the top of the food chain. See why hotel brands produce extraordinary yields for condo/hotel developers. Read Full Version..
What does cap rate compression mean for hotel investors?
With the continual lowering of hotel capitalization rates, it is no wonder why they are the topic of many investors' conversations. Everyone wants to know what this cap rate compression will mean for the industry and for our investments in the future. Read Full Version..
Daniel Beider examines Management Company Portfolio Growth for HotelMotel.com
It is no secret that new investors have entered the hotel industry at record numbers over the past few years. They often take shape as high-net-worth individuals seeking to take advantage of the 1031 exchange process and foreign investors looking to make an entrance into the U.S. real-estate market. What is notable is the significant effect this has had on management companies. Read Full Version..
Sanjeev Misra Explores Conduit Financing for www.hotelmotel.com
The manner in which you choose to finance your hotel property can directly affect your equity return, your risk of foreclosure, the timing of the asset sale and your ability to operate the hotel. Read Full Version..
Sanjeev Misra Writes on the 1031 Exchange Process for AAHOA Lodging Business
Dan Beider Discusses 1031 Exchanges for Lodging Hospitality
Institutional investors, private equity funds and high-net-worth individuals, all key players in the hospitality market in recent years, are continuing to earmark a larger percentage of their available dollars to our industry. Read Full Version..
