Paramount Lodging Advisors Assists In Seventh Successful Indiana Transaction In Five Months
February 29, 2016 9:12am
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Holiday Inn Express Merrillville. PLA represented the seller, RLJ Lodging Trust, with Senior Managing Director Scott Griemsmann, and Managing Directors Bennett Webster and Brent Clemens leading the efforts on the transaction of the 62-room, limited service hotel.
Clemens noted, “This deal marks PLA's seventh successful transaction in Indiana in the preceding five months, and maintains our team's continued success in the I-65 corridor from Chicago to Indianapolis.”
“We were pleased to assist RLJ in the disposition of one of their non-core assets and look forward to working further with the team in 2016,” added Griemsmann.
Tags: paramount lodging advisors,
holiday inn express,
brokerage & transactions
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 www.paramountlodging.com.
Contact: Jacki Bubis
DiamondRock Acquires The Landing Resort & Spa in Lake Tahoe, California for $42 Million, or $545,000 Per Key
Holiday Inn Express® Moscow – Sheremetyevo Airport Opens in Russia
HMC to Manage 104-Room Holiday Inn Express in Albuquerque, New Mexico
IHG and Toledo International Partner to Bring Holiday Inn Express to the Heart of Singapore
2017 Year In Review: US Hotel Transactions
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Paramount Lodging Advisors Breaks Ground On New Chicago Office
IHG in Partnership with JEJUair Plan 2018 Opening of 300-Room Holiday Inn Express Hotel in Seoul, South Korea
IHG Partners with SAMHI to Expand Holiday Inn Express Portfolio in India
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Blackstone Acquires Hotel Investment Partners and its Portfolio of 14 Coastal Resorts from Banco Sabadell in Spain
Paramount Lodging Advisors Sells 12th Consecutive Property in the Indiana Market
Avison Young Hospitality Group Announces Summer 2017 Closings
Peachtree Hotel Group (PHG) Acquires Three Hotels in Colorado, Arizona and Wisconsin
Prestige Hospitality Group Opens Newly Built 90-Room Holiday Inn Express Hotel & Suites in Queensbury, New York
Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
Purchase Price Allocations for Hospitality Assets
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
Please login or register to post a comment.