Avison Young Hospitality Group brokers sale of six hotels

Exterior of the Marriott Downtown Knoxville.

The Avison Young Hospitality Group brokered six hotels in August. The hotels were a 378 room, full-service Marriott in downtown Knoxville, Tenn.; a Hampton Inn in downtown Green Bay, Wis.; a Holiday Inn Express in Texas; an all-suite hotel in Baton Rouge, La.; a La Quinta in Louisiana; and a Choice select-service hotel in Florida.

The brokers involved in these closings were Michael Bernath, Brad Sinclair, Victor Kalyanji, Collin Foran, Wendy Blissett, Rick George and Chris Stark. 

“Our August closings were across most all segments and major brand families,” Chris Stark, principal at Avison Young, said in a statement. “We continue to believe we are in the transaction window of this market cycle.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Avison Young Hospitality Group, which consists of 22 brokers, currently has 227 hotels on the market, totaling $3.6 billion.

“We believe Avison Young represents one of the best hotel brokerage platforms available in the U.S.,” Eric Gunderson, principal at Avison Young, said in a statement. “As we continue to grow, we will be looking to add successful, seasoned brokers to our roster that fit Avison Young’s culture.” A

Avison Young is a commercial real estate services firm. Headquartered in Toronto, 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.

Avison Young Hospitality Group is a national hotel practice group supported by 69 North American office locations and 2300 people. The firm currently has 227 hotels on the market totaling 3.6 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.

Suggested Articles

Rudi Jagersbacher is stepping down and Sleiffer has been appointed area president/Middle East, Africa and Turkey, for Hilton.

August was the third consecutive month of year-over-year gross operating profit decline.

Columbia Sussex bought a Hilton Garden Inn, a Hampton Inn and a Homewood Suites by Hilton, adding 348 rooms to its portfolio.