Avison Young Hospitality Group Announces July Closings
August 2, 2017 10:52am
ATLANTA – August 2, 2017 – The Avison Young Hospitality Group announced today that it brokered nine hotel transactions in July, including locations in the Pacific Northwest, Southeast and Midwest. Andy Broad, Thierry Roch, Niven Patel, Collin Foran, Wendy Blissett, Victor Kalyanji, Rick George, Mike George and Eric Gunderson represented Avison in the transactions.
The hotels include a historic property in Houston’s central business district (CBD), two Marriott-branded hotels, three all-suite hotels, two Florida select service hotels and a hotel in San Francisco.
“July’s closings are indicative of the strength of today’s equity market,” said H. Keith Thompson, principal at Avison Young. ” We believe we are in the window of this market cycle and most experts believe it will soften soon.”
The Hospitality Group, which consists of 22 brokers, currently has 209 hotels on the market, totaling $5 billion.
“As we continue to grow, we will be looking to add seasoned brokers to our roster that fit Avison’s upward trajectory,” said Thompson.
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Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
Contact: Mike Rieman
Avison Young Hospitality Group is a national hotel practice group supported by 2,300 employees in 69 North American office locations. The firm currently has 209 hotels on the market totaling $5 billion in market value and for the past five years, the firm has been involved in one hotel transaction every five days. Avison Young Hospitality Group specializes in select service and full service hotels within the U.S. and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. More information about the hospitality group can be found at www.avisonyoung.com under the “services” tab.
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