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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Featured: Scott Griemsmann | Paramount Lodging Advisors

Paramount Lodging Advisors sells Lender REO in Greenwood, South Carolina

Oct 27, 2011 |

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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Featured: Daniel Beider | Paramount Lodging Advisors

Varro Hospitality acquires five Towneplace Suites

Sep 23, 2011 |

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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Featured: Paramount Lodging Advisors

Paramount Lodging Advisors completes the sale of the Country Inn & Suites in Tempe, Arizona

May 24, 2011 |

Scottsdale, AZ – May 24, 2011 - Paramount Lodging Advisors is pleased to announce the sale of the 83-room Country Inn & Suites Tempe/ASU, AZ.

Country Inn Tempe

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Featured: Lloyd Farley | Brent Clemens

Paramount Lodging Advisors welcomes Real Estate veteran Scott Griemsmann

Mar 14, 2011 |

San Francisco, CA | March 14, 2011 - Paramount Lodging Advisors (PLA) is proud to announce the addition of Scott Griemsmann as Managing Director of PLA's office in San Francisco, California. He will be collaborating closely with PLA’s Senior Managing Director Steve Mills, who oversees the company’s Western US business.

"We are thrilled to have Scott join us with such a formidable hotel brokerage background and successful track record. He is a great addition to the team and represents all of the characteristics we look for in an individual being offered a position to join Paramount."
- Steve Mills, Senior Managing Director
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Featured: Scott Griemsmann

Paramount Lodging Advisors boosts West Coast presence, announces new office and luxury hotel sale

Jan 24, 2011 |

San Francisco, CA | Denver, CO - Paramount Lodging Advisors (PLA) is proud to announce the successful sale of the luxury Hotel Les Mars in Sonoma County, kicking off the official expansion of PLA’s West Coast presence which includes the opening of the company’s newest office in Denver, Colorado.

"With transaction volume increasing and geographic focus becoming even more important to clients, we feel it is an opportune time to strategically grow the company."
- Steve Mills

HotelBusiness.com on Jan 24, 2011
HotelWorldNetwork.com on Jan 25, 2011
HotelNewsNow.com on Jan 26, 2011
HotelInteractive.com on Jan 27, 2011
BuyerInteractive.com on Jan 27, 2011
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Featured: Steve Mills | Daniel Beider

Paramount Lodging Advisors strengthens its Florida Team with the addition of Howard Bergen

Dec 07, 2010 |

Chicago, IL and Tampa, FL | December 7, 2010 - Paramount Lodging Advisors (PLA) is excited to announce the addition of Howard Bergen as an associate of the company’s growing team. This announcement comes on the heels of the October opening of its newest office in Florida, headquartered in Naples, Florida.

“Howard brings the experience that we want on the Paramount team - an extensive hotel operations background that allows us to understand the needs of buyers and sellers in today’s market. The addition of the Tampa office is part of a strategic set-up to be able to cover the Florida and Southeast markets effectively.”
- Mike Bou-Sliman

HotelWorldNetwork.com on December 08, 2010
Florida Real Estate Journal (frej.com) on December 09, 2010
HotelInteractive.com on December 10, 2010
HotelExecutive.com on December 10, 2010
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Featured: Mike Bou-Sliman | Howard Bergen | Kevin Down

Paramount Lodging Advisors expands into Florida, led by hotel industry veteran Mike Bou-Sliman

Sep 20, 2010 |

Chicago, IL and Naples, FL | September 20, 2010 - Paramount Lodging Advisors (PLA) is pleased to announce the addition of its new Florida office, based in Naples. The Florida team is led and managed by Mike Bou-Sliman who brings more than 20 years of industry experience, including all aspects of development, operations and ownership, specifically limited and select service within the Marriott and Hilton families of brands.

“Once again, PLA is adding a team member who immediately becomes a broker with higher levels of industry acumen, both on the operating model and investment model, than the majority of brokers. While this has always been our goal, it has become more important than ever, as identifying value enhancements assists in the positioning of an asset for sale, and explaining them justifies the underwriting and pricing of assets.”
- Daniel Beider

Read full article published by:
Florida Real Estate Journal on September 20, 2010
HotelWorldNetwork.com on September 21, 2010
HotelInteractive.com on September 21, 2010
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Featured: Mike Bou-Sliman

Paramount Lodging Advisors sells the Baymont Inn & Suites La Crosse/Onalaska

Sep 08, 2010 |

Chicago, IL | September 8, 2010 - Paramount Lodging Advisors recently sold the 3-story, 67-room Baymont Inn & Suites located at 3300 Kinney Coulee Road North in Onalaska, Wisconsin to Crescent Lodging, LLC in deal that closed on September 1, 2010. PLA’s Senior Associate Adam Montufar and Associate Brian Fay represented the seller, Selo Stubla, LLC.

““Paramount Lodging Advisors delivered exactly what was needed from our hotel broker. They were focused on selling our hotel and despite many challenges did so at a price we were comfortable with."
- Selo Stubla LLC

Read full article published by:
HotelWorldNetwork.com on September 09, 2010
HotelInteractive.com on September 09, 2010
The Business Jounal (Milwaukee) on September 09, 2010
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Featured: Adam Montufar

Paramount Lodging Advisors completes the sale of Downtown Edmonton Crowne Plaza Chateau Lacombe

Aug 19, 2010 |

August 23, 2010 | Vancouver, BC | Chicago, IL - Paramount Lodging Advisors (PLA) is pleased to announce the sale of the iconic Chateau Lacombe Crowne Plaza in Edmonton, Alberta, Canada, on behalf of Allied Hotels. The 307 room, 24 story, full service hotel was acquired by Chateau Lacombe Limited Partnership for $47,800,000 - marking one of the largest hotel sales in Canada for 2010. Jim Mouzourakis, PLA’s Senior Managing Director in Canada, procured the buyer and facilitated the transaction.

“Mr. Mouzourakis was instrumental throughout the entire purchase and sale process; he led negotiations with the purchase and assisted with the due diligence and the various documentation involved in the transaction”
- Michael Chan, president of Allied Hotel Properties

Read full article published by:
HotelWorldNetwork.com on August 24, 2010
HotelNewsNow.com on August 24, 2010
HotelInteractive.com on August 24, 2010
Hotels Online on August 24, 2010
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Featured: Jim Mouzourakis

Paramount Lodging Advisors sells the Fort Wayne Hotel and Conference Center for conversion to a Senior Living Facility

May 12, 2010 |

Paramount Lodging Advisor sold hotel in Fort Wayne Indiana

Chicago, IL - Paramount Lodging Advisors has brokered the sale of the 14-story, 208-room Fort Wayne Hotel and Conference Center located at 300 East Washington Boulevard in downtown Fort Wayne, Indiana. PLA’s Walker Geyer and Brent Clemens exclusively represented the owner, BRT Realty Trust, in a transaction that closed May 7th and will result in the conversion of the hotel to a senior living facility.

Read full article published by:
HotelWorldNetwork.com on May 13, 2010
REBusiness Online on May 14, 2010
Biznow.com on May 26, 2010
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Featured: Brent Clemens | Daniel Beider | Walker Geyer

Paramount™ Announces New Asset Management Assignment For The Holiday Inn Express Muncie

Apr 28, 2010 |

PLA hotel asset management in muncie indiana

Chicago, IL | April 28, 2010 – Principals from Paramount Lodging Advisors have been engaged as asset manager for the Holiday Inn Express in Muncie, Indiana. The hotel is owned by SuperHost Hotels and features 76 guest rooms.
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Featured: Sanjeev Misra

Paramount Lodging Advisors’ involvement with DePaul University’s School of Hospitality Leadership fosters growth

Mar 24, 2010 |

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

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Featured: Daniel Beider | Kevin Down | Bennett Webster

Paramount Hires Four for Hotel Valuations

Mar 19, 2010 |

By Robert Carr
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.

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Featured: Daniel Beider | Kevin Down | Bennett Webster

Opportunities in the Chicago Hotel Market Explored

Feb 26, 2010 |

”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.

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