Paramount Lodging Advisors Assists in the Sale of the Detroit Metro Airport Marriott
September 28, 2016 10:58am
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Detroit Metro Airport Marriott. PLA exclusively represented the seller in the transaction, with PLA Managing Directors Bennett Webster, Brent Clemens, and Adam Montufar leading the marketing efforts on the 249-room full-service hotel.
“Our team was pleased with the activity on the sale. The marketing process resulted in approximately 190 confidentiality agreements and nearly 20 offers,” noted Montufar.
“We remain bullish on Detroit and the broader Metro area and we look forward to continued success in the market. We believe Detroit is one of the few top-20 MSA’s that remains underserved with quality, institutional grade opportunities,” added Webster.
The deal marks PLA’s sixth consecutive successful transaction with the seller in the past year.
Tags: paramount lodging advisors,
detroit metro airport marriott
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information about PLA, please visit http://www.paramountlodging.com.
Contact: Jacki Bubis
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Paramount Lodging Advisors Sells 12th Consecutive Property in the Indiana Market
Avison Young Hospitality Group Announces Summer 2017 Closings
Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
Sale of Sheraton Metairie - New Orleans Hotel Facilitated by The Plasencia Group
Paramount Lodging Advisors Team Sells the Comfort Suites in Lafayette, IN
Paramount Lodging Advisors Team Arranges Sale of the Heartland Inn Coralville, IA
Paramount Lodging Advisors Welcomes Managing Directors Andy Wardner and Brian Guernier
Paramount Lodging Advisors (PLA) Thrives in the Pittsburgh Area Market
Paramount Lodging Advisors Arranges the Sale of the Former Residence Inn located NW Indianapolis, IN
Paramount Lodging Advisors Sells Quality Inn & Suites Houston - Westchase
Paramount Lodging Advisors’ Interns Awarded Highest Honors At DePaul University’s Real Estate Department Fall Reception
Paramount Lodging Advisors Opens St. Louis Office and Welcomes New Agent
Paramount Lodging Advisors Arranges the Sale of 649 Jones Street Formerly “Halcyon Hotel” Located in San Francisco, California
Hotel AG Announces Recent Closings
Paramount Lodging Advisors Sells Days Inn Chicago
Paramount Lodging Advisors Sells Two Limited Service Hotels in Pittsburgh
Successful Louisville Transaction, Times Two: Paramount Lodging Advisors Completes Sale of IHG Kentucky Hotel Package
Please login or register to post a comment.