Paramount Lodging Advisors sells the Baymont Inn & Suites La Crosse/Onalaska

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Chicago, IL | September 8, 2010 - Paramount Lodging Advisors recently sold the 3-story, 67-room Baymont Inn & Suites located at 3300 Kinney Coulee Road North in Onalaska, Wisconsin to Crescent Lodging, LLC in deal that closed on September 1, 2010. PLA’s Senior Associate Adam Montufar and Associate Brian Fay represented the seller, Selo Stubla, LLC.

““Paramount Lodging Advisors delivered exactly what was needed from our hotel broker. They were focused on selling our hotel and despite many challenges did so at a price we were comfortable with."
- Selo Stubla LLC

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Paramount Lodging Advisors engaged as Hotel Asset Manager for the Lexington George Washington Inn & Conference Center

Hospitality Consulting Engagement in Virginia
Chicago, IL | August 31, 2010 – Paramount Lodging Advisors (PLA) is pleased to announce its recent engagement as Asset Manager of the Lexington George Washington Inn & Conference Center in Colonial Williamsburg, Virginia.

”We are excited to add another property to our family. Our portfolio of asset managed hotels has averaged RevPAR increases of 12% so far in 2010 and we hope to bring this level of success to the Lexington George Washington Hotel” - Sanjeev Misra(+) Read Full Version

Paramount Lodging Advisors completes the sale of Downtown Edmonton Crowne Plaza Chateau Lacombe

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August 23, 2010 | Vancouver, BC | Chicago, IL - Paramount Lodging Advisors (PLA) is pleased to announce the sale of the iconic Chateau Lacombe Crowne Plaza in Edmonton, Alberta, Canada, on behalf of Allied Hotels. The 307 room, 24 story, full service hotel was acquired by Chateau Lacombe Limited Partnership for $47,800,000 - marking one of the largest hotel sales in Canada for 2010. Jim Mouzourakis, PLA’s Senior Managing Director in Canada, procured the buyer and facilitated the transaction.

“Mr. Mouzourakis was instrumental throughout the entire purchase and sale process; he led negotiations with the purchase and assisted with the due diligence and the various documentation involved in the transaction”
-
Michael Chan, president of Allied Hotel Properties




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Proposed changes to SBA loan limits bring new options

By: Victoria Burt
Managing Editor of Hotel & Motel Management, Hotel Design, Luxury Hotelier, and The Hotel Times

The Small Business Administration, and specifically its 504 loan program, lends itself to owner-operators in the hotel real-estate business because hoteliers with a small portfolio generally meet the net worth and income guidelines set by the SBA.

New legislation proposed by President Obama and passed by the House of Representatives would raise loan limits and ease requirements for borrowers.

“It really makes a big difference in the limited-service space as you go from economy to mid-scale properties,” said Walker Geyer, managing director of capital markets at Paramount Lodging Advisors. “It also allows buyers to look at properties located in a more expensive geographic area.

“There are a significant number of banks that participate in the SBA 504 program because their exposure is limited to just 50 percent of the total cost of a project. So it’s an attractive bank lending area. And then the SBA also underwrites the loan. So you basically get approval on the loan from both the bank and the SBA,” he added.

Read full article published on HotelWorldNetwork.com on August 02, 2010

Savvy Asset Managers Share Their Secrets

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By Matt Valley, NREI Editor

When Paramount Lodging Advisors reviewed the financial performance of 140 Chicago-area hotels in the first quarter, the real estate services firm discovered a surprising trend. At more than half the hotels it reviewed, owners hadn’t contested their property taxes over the past three years despite a sharp drop in appraised values industry wide.

Such passiveness among owners amid a deep hotel slump came as a shock to Sanjeev Misra, senior managing director of Chicago-based Paramount Lodging Advisors. “Simple things have to be done,” Misra said emphatically at last week’s panel discussion on the art of asset management during the third annual Midwest Lodging Investors Summit in Chicago...

Read full article published on National Real Estate Investor (NREI) on July 19, 2010
Read full article published on Lodging Hospitality on July 20, 2010

5 secrets from asset managers

By Patrick Mayock, HNN Associate News Editor

CHICAGO —
Can you keep a secret? Asset managers sure can’t—especially when discussing their time-tested tactics for surviving the downturn and preparing for recovery.

That proved a good thing for attendees of a breakout session at the Midwest Lodging Investors Summit this week. During the presentation, titled “Asset Managers Share Their Secrets,” a panel of seasoned asset managers disclosed the following pieces of advice for maximizing the value of a hotel.

1. Plan for various outcomes
2. Communicate objectives
3. Approach problems as a team
4. Maintain efficiency
5. Get smart about your market


Read full article published on Hotel News Now (HNN) on July 15, 2010

Airport hotel anguish

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Chicago Business Today:

Despite the bargain bid for the O'Hare InterContinental, the deal could jump-start the market for other distressed hotel properties in the area.

CLICK HERE to view video.

For more information read
Dan’s BLOG at The Lobby Level, CLICK HERE.

Paramount Lodging Advisors sells the Fort Wayne Hotel and Conference Center for conversion to a Senior Living Facility

Paramount Lodging Advisor sold hotel in Fort Wayne Indiana
Chicago, IL - Paramount Lodging Advisors has brokered the sale of the 14-story, 208-room Fort Wayne Hotel and Conference Center located at 300 East Washington Boulevard in downtown Fort Wayne, Indiana. PLA’s Walker Geyer and Brent Clemens exclusively represented the owner, BRT Realty Trust, in a transaction that closed May 7th and will result in the conversion of the hotel to a senior living facility.(+) Read Full Version

Paramount™ Announces New Asset Management Assignment For The Holiday Inn Express Muncie

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Chicago, IL | April 28, 2010 – Principals from Paramount Lodging Advisors have been engaged as asset manager for the Holiday Inn Express in Muncie, Indiana. The hotel is owned by SuperHost Hotels and features 76 guest rooms.
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New Index Targets Hotel Market Potential

By Dr. A.J. Singh and Dr. Raymond S. Schmidgall

As the economy continues to recover and the hotel industry regains its footing, the question for developers has begun to shift from when and how to where. The Lodging Market Potential Index (L-MPI), first introduced last year at the Midwest Lodging Investors Summit, helps answer that question, ranking the 25 largest lodging markets in the U.S. by long-term potential for hotel investment. Developers and investors—looking to buy or build—now have a comparative analysis of the markets with the most potential.

Published in Lodging Hospitality on April 26, 2010(+) Read Full Version

New Era for Hospitality

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Hotel brokerage requires a lot more work than it used to, says Paramount Lodging Advisors' Daniel Beider. It used to be a hotel broker would learn about a property as they first listed it; now he and his teammates have spent up to 10 months advising and consulting on distressed or REO hotels across the country prior to taking the asset to market. Paramount is set to close on an REO hotel in Indiana by the end of the month...

Published in Biznow.com on April 20, 2010(+) Read Full Version

Foreclosures Reveal Red Roof Inn Distress

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By: Eric Stoessel
Lodging Hospitality managing editor


“Ultimately there are a lot of Red Roof Inns throughout the country,” Beider says. “They’re not going to go away. The economy segment is one of the few segments where there’s really no 500-pound gorilla. The truth is Red Roof Inn has as good an opportunity as anyone to be that gorilla. And maybe if we didn’t have this 30% drop in NOI (net operating income) it would have been. The focus for everyone has been on survival as opposed to meeting the business plan.”

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Published in LHonline.com on April 15, 2010(+) Read Full Version

Kevin Down says Paramount hopes to capitalize on hotel foreclosures in Chicago

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At YREP's spring networking at District Bar in River North Thursday, we snapped LAZ Parking's Andrew Carlson, RML Capital's Michael Heaney, and Paramount Lodging Advisors' Kevin Down. Andrew says he’s working on a presentation for a 900-car garage in downtown St. Louis. Kevin says Paramount hopes to capitalize by making lemonade out of upcoming hotel foreclosures in Chicago.

Published in Biznow.com on April 5, 2010.

Paramount Hires Four for Hotel Valuations

By Robert Carr
GlobeSt.com


CHICAGO
- Paramount Lodging Advisors has hired four new staffers as the company stays busy handling servicing work and expects the hospitality transaction market to heat up in the beginning of the third quarter. Dan Beider, chairman and senior managing director of the company, tells GlobeSt.com that hotel consultants are needed now more than ever, as lenders and special servicers struggle to evaluate properties.

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Published in GlobeSt.com on March 29, 2010.

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Paramount Lodging Advisors’ involvement with DePaul University’s School of Hospitality Leadership fosters growth

Chicago, IL | March 24, 2010 – Paramount Lodging Advisors (PLA) recently hired four (4) associates in Chicago, Illinois leveraging the relationship with DePaul University of which Daniel Beider, PLA’s Chairman and Senior Managing Director, is an alumnus and a member of the Board of Advisors for the School of Hospitality Leadership.

“Paramount has been blessed with the ability to grow from 10 to 25 team members in a very short period of time, resulting in a team capable of any size assignment with no geographic boundaries, and the fact these recent additions have come from DePaul is very exciting. The relationship we have with the University has already paid great dividends, even of course as none were expected.” - Beider

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Opportunities in the Chicago Hotel Market Explored

”The downtown Chicago market has been impacted heavily by the macro-economic factors affecting the entire country as well as supply growth leading up to the downturn in 2008. Independent and boutique hotels have experienced less of a decline in occupancy than their branded competition but have suffered much greater declines in rate. Our panelists gave us real-world examples of how the declines in revenue their hotels have experienced have impacted their ability to maintain capital expenditure budgets at the levels normally expected by the brands as well as the traveling public”

- Mark Heisler
Managing Director, Paramount Lodging Advisors

hotel_motel_management Published in Hotel World Network on March 1, 2010.

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Timing critical for success in the distressed market

By Stephanie Ricca
Hotel and Motel Management

Flexibility and timing go hand in hand, Beider said. “Timing is incredibly important,” he said. “We had an REO asset that we took to market and had an acceptable buyer for, and our client wanted things to move at the same pace they did three years ago. That simply is not reality anymore.”
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Published in Hotel World Network on February 11, 2010.(+) Read Full Version

Paramount Lodging Advisors’ Holiday Advocacy: Sharing

Over $300,000 of original art works were donated by an anonymous Paramount principal to Vancouver's local hospitals including Vancouver General (VGH), UBC Hospital, St Paul's Hospital, and Children's Hospital. The art donation will be used to help cheer up these environments – both for patients and for the tireless and dedicated caregivers at these institutions, as well as to help raise funds to support operations as and facilities. Art donated included works by Picasso and other international and local artists.

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Hotel Burnham faces foreclosure

By: Alby Gallun, Dec. 09, 2009
View Original Article Here

“If they had the same capital structure that they had before they refinanced, they probably would have been able to make the debt payments,” says Dan Beider, chairman and senior managing director of Paramount Lodging Advisors, a Chicago-based hotel brokerage. “It’s the typical case of overvaluation and overleverage.”

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Year after market dive, lenders still holding keys

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Paramount Asset Management engaged as Asset Manager for the new Radisson Hotel in Waco, Texas

Chicago, IL | October 29, 2009 – Paramount Lodging Advisors is pleased to announce its recent engagement as asset manager of the new Radisson Hotel located at 810 Interstate 35 North, Waco, Texas.

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Paramount Lodging Advisors Bolsters Its Ranks

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Paramount Lodging Advisors continues growth

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Paramount Lodging Advisors continues rapid growth with the addition of Mark Heisler and Michael Kitchen

Paramount Lodging Advisors is pleased to announce the expansion of their Chicago headquarters, which brings the number of full time Chicago based advisors/brokers to eight. At this time of change and uncertainty in the lodging industry, Paramount is positioned more than ever to execute the beginning-to-end strategic plan of a successful engagement or transaction.

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LMPI: A New Tool for Hotel Investment

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Ugly Betty Needs A Facelift

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Converting Hotels into Sound Investments

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MLIS: Valuation tough until more deals closed

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Paramount Lodging Advisors completes the sale of the Baymont Inn and Suites in Toledo, Ohio

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“In the current transaction environment, any deal is a big deal, and this one is no exception. Things that would not raise an eyebrow three years ago are potential deal-breakers today, and the navigation through these issues is made much easier with experience as owners and operators, as many of our associates have, or they have been trained to think like one”

-
Daniel Beider




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Baymont Inn and Suites sold

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Paramount Lodging Advisors completes the sale of the Baymont Inn and Suites Toledo

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Paramount completes sale of Baymont Inn and Suites in Ohio

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Paramount and Hardisty Baxter create distressed hospitality services group

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Paramount Lodging Advisors and Hardisty Baxter Form Distressed Hospitality Services Group

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Paramount, Hardisty Baxter Team To Aid Distressed Properties

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Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group

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Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group

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Paramount Lodging Advisors and Work Out Specialists Hardisty Baxter Team Up to Create Distressed Hospitality Services Group

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Paramount Lodging Advisors and Tishman Realty & Construction Alums Michael Hardisty and Philip Baxter, who earlier this year formed Hardisty Baxter, are teaming up to open a new office of Paramount Lodging Advisors in Southern California. With Hardisty Baxter, whose collective experience includes over $1 billion in successful REO workouts of complex hotel and resort assets for institutional owners, PARAMOUNT™ adds real depth in large complicated hospitality solutions to its already broad range of services. Together they offer the comprehensive real estate services necessary for owners, lenders, and special servicers to get control of and make sense of distressed hospitality assets. The current circumstances are like the early 90's, only worse. The expert support that buyers, sellers, owners, and lenders need to sort through the many variables to recover and harvest value, find the right opportunities, and create and execute the optimal strategic plan is now under one umbrella with PARAMOUNT™.
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Recession weighs down on hotel property values. Are we out of it yet?

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Data! Get your data here!

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Will Hotel Values Rise Next Year?

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Paramount Lodging Advisors to provide asset management for new Hampton Inn

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The Magic of mixed-use: Condos drive deals but hotels drive condos

From facilitating development where otherwise prohibitive, to adding value, the mixed-use development has evolved into a savvy new creature at the top of the food chain. See why hotel brands produce extraordinary yields for condo/hotel developers.(+) Read Full Version

Paramount™ Announces New Asset Management Assignment

“We are excited to be involved in another Hampton Inn operation and look forward to helping make this hotel a top performer in the marketplace”

-
Sanjeev Misra, Managing Director of the Asset Management group

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Lakhany joins Paramount Lodging Advisors

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Paramount Lodging Advisors Welcomes a new Associate in Chicago, IL

Chicago, IL - Paramount Lodging Advisors (PLA) is pleased to announce the addition of Mr. Samir Lakhany to the Paramount™ Team. Mr. Lakhany will be based in Chicago, IL and will be assisting clients on capital markets, asset management advisory, as well as, hotel transactions in the United States.

PLA Chairman and Senior Managing Director Daniel Beider comments,
“Samir’s background is ideal for the expansion of not only our Chicago office but Paramount™ as a whole. With experience in both hotel operations and investment banking, we are excited to watch Samir adapt to a hybrid of activity in all facets of our company, help us develop our capital markets and asset management platforms, and participate in our traditional hotel brokerage practice as appropriate.”

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Asset Managing Through a Downturn

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Asset Managing Through a Downturn

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As featured in Lodging Hospitality on April 24, 2009.(+) Read Full Version

Central Regional Hotel Update

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Paramount Lodging Advisors welcomes a new associate in Vancouver, Canada

“She is the epitome of integrity, has a great work ethic, and is fueled by drive, passion, clarity and heart - a representative role model of what can be achieved with a quiet and understated finesse and power”
-
Jim Mouzourakis

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Paramount Lodging Advisors brokers Best Western property sale

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Paramount Lodging Advisors completes Best Western Ludlow Transaction

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Paramount Lodging Advisors completes the transaction of the Best Western Ludlow Colonial in Ludlow, Vermont

Ludlow, VT - Paramount Lodging Advisors is pleased to announce the recent sale of a 50-room Best Western property in Ludlow, Vermont. The hotel was acquired by R.S.B. Ludlow, Inc. and will continue to operate under new ownership with the Best Western affiliation.

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Vendor News (feat. Jeff Cunningham)

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Paramount Lodging Advisors Welcomes a new Associate in Chicago, IL

Chicago, IL - Paramount Lodging Advisors is pleased to announce the addition of Mr. Brian M. Fay to the Paramount™ Team.
"We are very excited to have Brian Fay as part of our team" says Daniel Beider, Senior Managing Director of Paramount Lodging Advisors.  "Not only is he just a flat out good broker, he has the same type of belief system that we focus on - ethics, cooperation, industry operating model acumen, and desire to be viewed as a hotelier, as opposed to simply an advisor, which are the staples of our company."

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Paramount Lodging Advisors Welcomes a new Associate in Phoenix AZ

Phoenix, AZ - Paramount Lodging Advisors is pleased to announce the addition of Jeffrey T. Cunningham to the Paramount™ Team. He will be working with Lloyd Farley and Mike Trevino as a Principal of the Phoenix, Arizona office with primary focus on hotel transactions in the Southwestern United States.

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Paramount Lodging Advisors brokers sale..

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Paramount Lodging Advisors completes Hilton Garden Inn Transaction

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Transactions worse than most predicted

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Financial sector meltdown leaves lodging in lurch Fallout may create opportunity for some, failure for others

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Hilton Garden Inn in Addison fetches $13.44M

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Paramount Lodging Advisors completes Hilton Garden Inn Addison, IL. Transaction

"Given the difficulties many buyers and sellers are facing in today’s tumultuous market place we were very pleased to participate in the successful sale of the Hilton Garden Inn. It required time and patience by all parties involve. We certainly believe it will prove to be a nice accquisition for Infinity.”
-
Adam Montufar, Senior Associate, Paramount Lodging Advisors

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Paramount brokers 6-property portfolio

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Paramount Lodging Advisors advises Homecourt Hospitality on disposition to Apple REIT

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Paramount Lodging Advisors advises Homecourt Hospitality on disposition to Apple REIT

"The overall portfolio given its average age, product improvements and stable markets should prove to be a great addition to an already impressive portfolio of hotels within Apple REIT Companies”
- Joe Ross, Paramount Lodging Advisors. 


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Paramount Lodging Advisors Welcomes a new Associate

Chicago, IL - Mr. Brent Clemens has recently joined the the Paramount Lodging Advisors team. Brent will based at the Chicago office with primary focus on limited-service hotel transactions in the Midwestern and Southeastern United States.  He is a licensed Real Estate Sales Associate for the State of Florida and currently working on his Illinois certification.(+) Read Full Version

Are energy costs cutting into your returns?

We usually place utility costs under the ‘fixed expense’ section of our income statements, but the reality on the ground is that as these costs continue to outpace inflation, hotel operators need to actively manage these costs to be successful.(+) Read Full Version

Chronicles of a Young Broker

As any broker will tell you, we ring the bell, but we don’t ring it daily. A typical transaction, wire-to-wire can run anywhere from 45 days to 6 months to 3 years and beyond. A considerable amount of time and effort is required to properly facilitate a hotel transaction. Any number of issues may arise at any moment; an unfortunate reality that we must learn to deal with. Admittedly it took time for me to understand this. As a hungry, young professional I was willing to do any and everything possible within ethical reason to transact a hotel. This desire led me into a catch 22 of sorts, a position every broker has found himself or herself caught up in. (+) Read Full Version

Paramount Lodging Advisors welcomes Hotel & Restaurant Expert 

New York - Paramount Lodging Advisors' New York office is pleased to announce the addition of Stephen C. Lipinski, who will be joining Paramount principal Phil Miller. Steve is an alumnus of the Cornell University School of Hotel Administration and has been a career restaurant entrepreneur, with extensive experience in attractions/ food and beverage management and hotel/restaurant operations.(+) Read Full Version

Paramount Lodging Advisors transacts Hampton Inn Dunn, North Carolina

DUNN, NC - Paramount Lodging Advisors is pleased to announce the sale of the newly constructed and award winning 120-room Hampton Inn in Dunn, North Carolina. ParamountTM Principal members Josh Williams and Joe Ross advised the seller Rylie Properties via Homecourt Hospitality on this transaction.(+) Read Full Version

“Debt and Equity Update”

3rd Qtr 2007 Debt & Equity Update published in Hotel Business, November issue.(+) Read Full Version

Chicago Hotel Advisory Group Combines Local Touch with International Reach

CHICAGO, IL. – Paramount Lodging Advisors Chicago, headquarters of a newly formed international hotel real estate advisory group, provides a Midwest focus by leveraging resources gained from Global experience and extensive industry know how. (+) Read Full Version

Wave of REIT transactions has industry taking notice

There has been a recent flurry of announcements ushering in a new era of privatization of hotel REITs via private equity firms and joint ventures. The likely scenario is that this trend will continue through the remainder of 2007 and beyond.

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Veteran Hotel Brokers Form Paramount Lodging Advisors

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Ex-NAI execs break away and form Paramount Lodging Advisors

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Veteran Hotel Brokers Form Paramount Lodging Advisors

“Collectively, our firm members have more than 120 years of experience in the hospitality and real estate industries, and together have sold more than $6 billion in hotel real estate, ranging from economy limited-service assets to luxury full-service resorts,”
-
Daniel Beider(+) Read Full Version

Paramount Lodging Advisors Member Biographies

Paramount Lodging Advisors (PLA) principals are licensed brokers and collectively have more than 150 years of hospitality and real estate experience.(+) Read Full Version

What does cap rate compression mean for hotel investors?

With the continual lowering of hotel capitalization rates, it is no wonder why they are the topic of many investors' conversations. Everyone wants to know what this cap rate compression will mean for the industry and for our investments in the future.(+) Read Full Version

Vendor News feat. Daniel Beider

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Daniel Beider examines Management Company Portfolio Growth for HotelMotel.com

It is no secret that new investors have entered the hotel industry at record numbers over the past few years. They often take shape as high-net-worth individuals seeking to take advantage of the 1031 exchange process and foreign investors looking to make an entrance into the U.S. real-estate market. What is notable is the significant effect this has had on management companies.(+) Read Full Version

Conduit Financing

The manner in which you choose to finance your hotel property can directly affect your equity return, your risk of foreclosure, the timing of the asset sale and your ability to operate the hotel.

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1031 Exchange Process

The what, why and how of using the 1031 Exchange structure.



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Dan Beider Discusses 1031 Exchanges for Lodging Hospitality

Institutional investors, private equity funds and high-net-worth individuals, all key players in the hospitality market in recent years, are continuing to earmark a larger percentage of their available dollars to our industry.(+) Read Full Version

Brokers Bullish On Volume Of Deal Activity For 2006

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