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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Timing critical for success in the distressed market
Feb 11, 2010 | Filed in: Quotes
By Stephanie Ricca
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.
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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.
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Paramount Lodging Advisors’ involvement with DePaul University’s School of Hospitality Leadership fosters growth
Mar 24, 2010 | Filed in: Press Releases
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
Paramount Hires Four for Hotel Valuations
Mar 19, 2010 | Filed in: Press Releases
By Robert Carr
GlobeSt.com
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.
Foreclosures Reveal Red Roof Inn Distress
Apr 15, 2010 | Filed in: Quotes
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
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New Era for Hospitality
Apr 20, 2010 | Filed in: Quotes
Published in Biznow.com on April 20, 2010
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Paramount Lodging Advisors sells the Fort Wayne Hotel and Conference Center for conversion 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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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.
MLIS 2010: My Hotel Is Worth WHAT
Dec 16, 2010 | Filed in: Video
You can also view this Video on:
LodgingHospitalityTV
ParamountLdgAdv (You Tube)
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Paramount Lodging Advisors boosts West Coast presence, announces new office and luxury hotel sale
Jan 24, 2011 | Filed in: Press Releases
"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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