Tag Archives: commercial real estate

Hotel Transaction Review for 2014

Cleveland Research has just recently released the results of overall hotel transactions throughout 2014. The graph below shows that hotel cap rates started at over 8.0% in 2014 and has been inconsistently declining throughout the year, ending at 7.7%. Since … Continue reading

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Know The Numbers. Don’t Be a Sucker

“My database is quite strong and we get a million hits per month.” Week after week I hear a version of this statement during numerous calls from real estate brokers. I shouldn’t be surprised considering this was one of our … Continue reading

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Arizona Hotel for Sale | 120 Guest Room Short Sale for $8,125 Per Key

Danny Givertz, Vice President of Hunter Hotels, has a 120 guest room hotel for sale in Yuma, Arizona. The Yuma Palms Inn is offered as a short sale at $8,125 per unit. The two-story property was built in 1969 and … Continue reading

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Former Best Western in Chicago Suburb

Grubb and Ellis has an exclusive listing in South Holland, Illinois. This Chicago suburb is home to the 105 guest room former Best Western. The property is currently not operating but presents an opportunity for a new owner to renovate, … Continue reading

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Full-Service Hotel for Sale in Large MSA, Southeastern USA

The 121 guest room, full-service Holiday Inn is listed with Dinesh “Dan” Rama of newGen Commercial. The hotel is located in southeastern United States in a large Metropolitan Statistical Area (MSA). The hotel was built in 2008 and includes an … Continue reading

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Virginia Hotel for Sale with Distressed Pricing – Crowne Plaza

Jack Carr of Maxim Hotel Brokerage has an exclusive listing in Richmond, Virginia. The 282 guest room Crowne Plaza hotel is priced at $4,200,000 or $14,900 per key. The property has distressed pricing but it has no lender pressure to … Continue reading

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Memphis Hotel for Sale – Drury Inn & Suites

Adam Montufar of Paramount Lodging Advisors has listed the 118 guest room Drury Inn & Suites located in Memphis, Tennessee. The five-story, interior corridor property is priced significantly below replacement cost and is offered unencumbered by management or brand. The … Continue reading

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Iowa Hotel for Sale – AmericInn Marshalltown

Leines Hotel Advisors, Inc. has listed the 49 guest room AmericInn located in Iowa. It is located in a major retail and business district. The hotel features an indoor swimming pool, hot tub, pool deck with lounge, a spacious lobby … Continue reading

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Maryland Hotels for Sale – Sleep Inn Portfolio on Maryland’s Eastern Shore

The Colliers International Hotels office in Baltimore has two Sleep Inn hotels for sale on Maryland’s eastern shore. The properties are located in Salisbury and Grasonville and have a combined 137 guest rooms. Both hotels have strong operating histories and … Continue reading

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Texas Hotel for Sale | Homewood Suites in Houston Area

Hank Wolpert of Colliers International Hotels has a 75 guest room Homewood Suites in Kingwood, Texas. The property is located adjacent to Highway-59 and is a short drive from the Bush Intercontinental Airport. The Homewood Suites was built in 2000 … Continue reading

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