Paramount Lodging Advisors Retained as Exclusive Agent to Advise on Sale of Residence Inn - Sacramento Airport
Feb 13, 2012 | Filed in: Press Releases | Hotel Brokerage
Paramount Lodging Advisors (PLA) solidifies its focus on west coast assets after being retained to advise on the sale of the Residence Inn Sacramento Airport, a 126-Suite hotel with immediate and significant ADR upside through capital investments.
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msu lodging index: detroit tourism improving, but lags in hotel market performance
The Detroit hotel market currently ranks 23rd out of 25 U.S. metropolitan areas in Michigan State University's (MSU) Lodging Market Potential Index (L-MPI©), but the news might not be all bad, according to Steve Marx, owner of Hotel Source, Inc., a Chicago-based real estate brokerage and advisory services firm. (+) Read Full Version
Paramount Lodging Advisors sells Lender REO in Greenwood, South Carolina
Oct 27, 2011 | Filed in: Press Releases | Hotel Brokerage
Paramount Lodging Advisors represented Wells Fargo Bank, N.A. as broker in the sale of a REO hotel in Greenwood, South Carolina. This was an all-cash sale and the buyer is undisclosed. The property was recently renovated and is walking distance from Lander University.
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‘Funky money’ key to get boutiques off the ground
Oct 24, 2011 | Filed in: Quotes | Hotel Industry Events
MIAMI BEACH, Florida—Securing “funky money,” assembling the right team and envisioning a location that can be developed to create jobs are key to a successful adaptive-reuse hotel, according to a 20 October panel at the third annual Lifestyle/Boutique Hotel Development Conference.(+) Read Full Version
Varro Hospitality acquires five Towneplace Suites
Sep 23, 2011 | Filed in: Press Releases | Hospitality Consulting
Paramount Lodging Advisors advised Varro Hospitality on the acquisition of five TownePlace Suites by Marriott Hotels, at a purchase price of $30 million. Four of the hotels are located in Texas and include Austin Northeast, Bryan College, Houston Clear Lake and Houston Northwest. The fifth property is located in Birmingham, Ala.
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Hoteliers: keep your eye on the prize
Jul 27, 2011 | Filed in: Quotes | Hotel Industry Events
It’s better if you don’t look right now. Avoid the urge to stop and turn to see what’s bustling in the hedgerow. It’s OK to peek, but the focus should be ahead on the things you can control.
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Midwest's Hotel Recovery Gains Momentum
Jul 26, 2011 | Filed in: Quotes
| From left: John Jameson, Paul Kirwin, Sanjeev Misra, Hans Detlefsen, John O’Neill |
Sanjeev Misra, Paramount Lodging Advisors: “I’m very excited about the investment environment. I think the chess game is on. The people who are legacy hoteliers who have been here for 20 or 30 years, use your knowledge of the operating model to find good deals. And if you’re a new investor, make sure you bring someone who has that expertise into your team, or find an outside party to help you understand the product, the brand, the location and these unkowns and you’re going to do very well. It’s not about what’s on the financial statement; it’s about what’s not on there and making good investment decisions.”
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MLIS 2011: A Convention of Lodging Optimists
Jul 25, 2011 | Filed in: Quotes | Hotel Industry Events
Last week’s Midwest Lodging Investors Summit was a watershed event in the hotel business. It was the first industry-wide conference since 2007 in which the prevailing sentiment was overwhelmingly one of optimism. Not wishful thinking; not a wing and prayer; but honest and fact-based belief the worst of the industry’s bad times are behind us and plentiful opportunities are ahead for buyers, sellers, operators and even developers.
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Paramount Lodging Advisor Senior Managing Director Sanjeev Misra(+) Read Full Version
Paramount Lodging Advisor Senior Managing Director Sanjeev Misra(+) Read Full Version
Scott Griemsmann transactions the Hotel Opal in San Francisco
Jun 13, 2011 | Filed in: Transactions | Hotel Brokerage
San Francisco, CA – June 13th, 2011 - Wolff Urban acquired the 167 room Hotel Opal and plans on converting the hotel to a Hampton Inn by Hilton. The renovation will require a complete overhaul of the hotel exterior with some interior upgrades. The renovated hotel will be the first Hampton Inn in San Francisco, and one of the only upscale limited service hotels in the city.
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(+) Read Full VersionParamount Lodging Advisors completes the sale of the Country Inn & Suites in Tempe, Arizona
May 24, 2011 | Filed in: Press Releases
Scottsdale, AZ – May 24, 2011 - Paramount Lodging Advisors is pleased to announce the sale of the 83-room Country Inn & Suites Tempe/ASU, AZ.
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