Business & Finance

Avison Young Hospitality Group Announces 5 Over 5

ATLANTA, GA. August 4, 2017 – The Avison Young Hospitality Group announced today that during the past five years ending July 31, the firm has closed one hotel transaction every five days. The hotels closed consisted of mostly franchise brand families and were located in each of the U.S. regions, with over half being Hilton or Marriott branded assets.

“This cycle has been like no other,” said H. Keith Thompson, principal at Avison Young. “This up-cycle began in spring of 2010 and its duration is well beyond what most expected. We believe we are in the window of this cycle, but between new debt, maturing debt, public markets and new supply, we see the cycle softening soon.”

About Avison Young

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.

About Avison Young Hospitality Group

Avison Young Hospitality Group is a national hotel practice group supported by 69 North American office locations and 2300 people. 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. The hospitality group can be found at www.avisonyoung.com under the “services” tab.

Contact:
Mike Rieman
mrieman@cookerly.com
(404) 816-2037

Coming Up In The November Online Hotel Business Review




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