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stayAPT Suites is redefining the extended-stay segment with its Apartment-Style suites.
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Calling all Entrepreneurs, join our team and grow with us!
stayAPT Suites is redefining the extended-stay segment with its Apartment-Style suites.
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Expert in Commercial Real Estate Sales & Leasing in South Florida | Tenant Representation Expert | Landlord Representation | Brokerage | Commercial Real Estate Services
- 💼 CL Hotels acquired Circa 39 Hotel in Miami Beach for $25.55 million. - 🏨 Circa 39 Hotel is an Art Deco-style building with 97 rooms located at 3900 and 3924 Collins Avenue. - 💰 The deal translates to approximately $263,400 per room. - 🔄 The property was sold by a joint venture between Black Salmon Capital and AMS Hospitality Group. - 🏢 Black Salmon shifted focus from hospitality to housing and industrial markets. - 🏗️ Originally built in 1939, Circa 39 Hotel will undergo a multimillion-dollar renovation by CL Hotels. - 🤝 CL Hotels entered a franchise agreement with IHG Hotels and Resorts to rebrand the property under IHG's Vignette Collection. - 🌆 Miami-Dade's hotel market ranked as the best-performing market in the U.S. with an 88.2 percent occupancy rate in February. RISE Realty #miamibeach #hospitality #realestate #realestateagent #realestatemarket
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We're excited to share with you the case study for Blue Tang Inn, a Belize beach property that was struggling to increase its revenue, capitalize on upsell opportunities while remaining competitive in the market. After implementing ThinkReservations, Blue Tang Inn increased Q1 2023 revenue by 52% versus the same period on the previous year. 💯 You can read more about this case in the attached document, on Hotel Tech Report by following this link 👉 https://lnkd.in/eHRZhpQe or by checking the video version here 📹 https://lnkd.in/evmnKTKV #hospitalityindustry #propertymanagementsystem #hoteliers #revenuemanagement #yieldmanagement #growthstrategy
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Firstly, Look forward to seeing everyone at the Hunter Conference next week! Feel free to text me, email me, or message me if you'd like to connect. Secondly, the below was just launched last week, one of my personal favorites in the great city of Atlanta! - Strong RevPAR - Growing Market - No Reno Needed - Long Term Franchise - Financeable - Managed by a third party operator, but offered un-encumbered of management. Scarcity Value - There just isn't a significant number of premium select service hotel inventory available for sale in the Atlanta MSA vs. the Demand (been the case for many years and more so the case post COVID), which improves your exit strategy as well when/if the time comes. Plus, why not invest in the area with the 2nd highest RevPAR and growing demand?
NEW LISTING FAIRFIELD INN & SUITES ATLANTA STONECREST Hodges Ward Elliott is pleased to offer the opportunity to acquire the Fairfield Inn & Suites Atlanta Stonecrest located in Lithonia, East Atlanta’s booming growth corridor. The 85-room Hotel benefits from excellent visibility along Interstate 20, approximately 20 miles from downtown Atlanta, Hartsfield-Jackson International Airport (the busiest airport in the world), and Stone Mountain Park. The hotel’s location adjacent to the 1.2 million-square-foot Mall at Stonecrest makes it perfectly positioned to capture demand from one of East Atlanta’s most prominent malls, which boasts over 120 stores and restaurants. The hotel’s owner recently completed an extensive renovation, and the Property is being offered fee-simple and unencumbered by management. This offering represents the opportunity to own an institutional-quality, select-service hotel in one of the Sunbelt’s fastest-growing metropolitan areas. Deal Team: Bhavesh (B.J.) Patel, MMH, CHA, Clint Hodges, Michael Brandes, Chase Wood To learn more about the opportunity, please visit the Property website: https://lnkd.in/gH6xyKhJ #hwe #hotels #commercialrealestate #atlanta
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"West Palm Beach Airport Hotel Sells for $20.5M" Read the full article below..
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📣 Transaction Announcement from The Plasencia Group! The Plasencia Group is pleased to announce it has represented the seller on the sale of the Hampton Inn & Suites Knoxville. Located in the affluent Turkey Creek/Farragut submarket, the 105-key hotel was purchased by Chattanooga-based 3H Group who is planning a series of strategic capital improvements throughout the property. The sale was led by Senior Managing Director Dexter Wood and Vice President Andrew Pappas. Dexter Wood, who represented the seller, commented, “Notwithstanding a challenging interest rate environment, appetite for premium-branded lodging assets is remarkably strong, particularly in unique Sunbelt locations like Knoxville, and we’re extremely pleased with the outcome of the competitive sale process.” “Knoxville’s lodging performance accelerated throughout the pandemic, and market RevPAR remains elevated as both visitors and residents recognize the area’s distinct features. We’re excited to see the hotel flourish under the ownership of a Tennessee-based investor,” said Andrew Alexander Pappas, who also represented the seller. Read the full press release by following the link: https://lnkd.in/eczwyTkw #CRE #hotels #hotelinvestment #lodging #hospitality #advisory #theplasenciagroup #lodgingmarket #assetmanagement #hospitalityindustry #hospitalityassetmanagement #investmentsales #hospitalityinvestment
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Balconies are selling like hot cakes, and hotels like The Wayfarer Hotel, San Diego, are reaping the benefits thanks to ABS! Don’t have balconies? No Sweat! ROOMDEX has a solution for you. Every hotel has a unique set of fabulous features. But let’s be honest– they’re not always being put to good use. Guests crave those special touches, and you could be cashing in on them! That’s where ABS comes in. With a little creativity, the possibilities for monetizing your hotel’s attributes are endless! You might be surprised by how many features you already have up and running, just waiting to generate new revenue for your hotel. Let’s chat about how to turn your room’s perks into sellable features! Click here to get started: https://lnkd.in/eN2rG5Ur #ABS #RevenueManagement #Upselling
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Do you want to know more about #ABS and how we can help your hotel make more unexpected revenue! Get in touch and I’ll tell you all about over coffee! #upselling #abs #revenue
Balconies are selling like hot cakes, and hotels like The Wayfarer Hotel, San Diego, are reaping the benefits thanks to ABS! Don’t have balconies? No Sweat! ROOMDEX has a solution for you. Every hotel has a unique set of fabulous features. But let’s be honest– they’re not always being put to good use. Guests crave those special touches, and you could be cashing in on them! That’s where ABS comes in. With a little creativity, the possibilities for monetizing your hotel’s attributes are endless! You might be surprised by how many features you already have up and running, just waiting to generate new revenue for your hotel. Let’s chat about how to turn your room’s perks into sellable features! Click here to get started: https://lnkd.in/eN2rG5Ur #ABS #RevenueManagement #Upselling
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A reduction in the UK's overall hotel bedroom supply spells opportunity for ambitious and affordable hotel chains like Premier Inn writes Jill Anderson, Whitbread acquisitions manager for the north, in Place North West. You can read the piece here - https://lnkd.in/eJyk5uGe. Based on Whitbread research, the number of hotel rooms in the UK has decreased from 715,000 in 2019 to around 680,000 today (ref Whitbread FY24 results). It's the smaller and less visible operators that have left the UK market ,and many will never return as hotels we believe. It's one of the driving forces underpinning Premier Inn's expansion across the UK. Currently we offer our guests a selection of 85,000+ Premier Inn and hub by Premier Inn rooms and have a long-term potential target of 125,000 UK rooms. But it's not just the obvious locations that are the focus for our growth, writes Jill reflecting on her area of focus in the north of England. Places with strong business economies and year-round leisure visitor demand are equally attractive as the globally recognised visitor destinations such as the Lake District National Park. Places like Lancaster, Carlisle, Lytham St Annes, and Grange-Over-Sands – all of which we are seeking to expand our offer into – as well as locations in Lancashire, Yorkshire, and Liverpool. In fact across the north of England we are currently searching for 24 new sites for Premier Inn as shown below. Each location represents a 25-30 year commitment for us, with a powerful package of local benefits standing behind our market leading brand. So dip into Jill's article to understand more about what's driving our continued expansion or reach out directly to her, or her retained agent Adam Mobley WSB Property Consultants LLP, here or via the details below for a conversation on where we hope to grow. #expansion #hotels #growing #development
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Miami-Dade County has emerged as the top-performing hotel market in the U.S., according to recent CoStar data. With an 88.2 percent occupancy rate for the week ending Feb. 24, the county outshines 25 other major hotel markets. Despite a slight dip in the average daily room rate to $311.20 in February, the revenue per room saw a notable 3.7 percent increase, reaching $274.44. This robust performance coincides with the historically busy month of February, driven by events like the Miami International Boat Show and South Beach Wine & Food Festival. Investors express confidence in South Florida’s hotel sector, evident in several property transactions at the end of last year. Notable acquisitions include a $17.7 million purchase of a Days Inn by Wyndham near Miami International Airport and the $29 million acquisition of the 190-room Even Hotel Miami – Airport.
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