Optimum Brokers Sale of Southbury Hilton
ELKINS PARK, PA, January 24, 2006. Optimum Hotel Brokerage announced today that the firm has closed on the sale of the 200-room Southbury Hilton in Southbury, Connecticut. Joe McCann, president of Optimum Hotel Brokerage, represented the seller in the transaction. The full service hotel was purchased by Northstar Hotels, who have changed the property's franchise affiliation to the Crowne Plaza brand. Northstar plans to renovate the property's guest rooms and extensive ballroom and meeting space.
"The Southbury Hilton is a beautiful central Connecticut landmark. It's a full service, nationally branded hotel with all of the atmosphere and comforts of a classic Connecticut country inn" explained McCann. "The hotel is a convenient destination for leisure and business customers, and the hotel's diverse and luxurious ballrooms are host to many upscale social events. Northstar was able to purchase the asset at a significant discount to replacement cost, and I was pleased to broker a win-win deal for both buyer and seller."
Elkins Park, Pennsylvania-based Optimum Hotel Brokerage is a full service hotel brokerage firm. In addition to the sale of the Southbury Hilton, the firm's sales within the past year include the legendary 1,639-room Palmer House Hilton in Chicago, Illinois, the 304-room Crowne Plaza Meadowlands in Secaucus, New Jersey and the 350-room Crowne Plaza Hartford in Hartford, Connecticut. Optimum Hotel Brokerage expanded its operations and opened their Philadelphia headquarters office in November 2005.
Optimum Hotel Brokerage is also a member of Hotel Brokers International, the world's largest and oldest hospitality real estate organization, which has a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services. Comprised of some 75 hotel real estate broker specialists, HBI provides the hospitality industry with the most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach. Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI's Broker of the Year for the Northeast Region in 2003 and 2004. HBI also awarded McCann with the Portfolio Sale of the Year and Unique Deal of the Year awards.
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