Paramount Lodging Advisors (PLA) Thrives in the Pittsburgh Area Market
December 22, 2016 1:02pm
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the SpringHill Suites Pittsburgh West Mifflin and Comfort Inn & Suites Pittsburgh RIDC. PLA exclusively represented the seller on both deals with Associate Omari Head and Managing Directors Brent Clemens and Bennett Webster leading the efforts on the nearly 320 combined rooms across the two assets.
The two deals mark PLA’s fourth and fifth consecutive successful engagements in the Pittsburgh area in 2016. “Despite a slight dip in area performance, we were pleasantly surprised with the buyer turnout and remain bullish on broader Pittsburgh area demand,” noted Head.
Clemens added, “We look forward to continuing our current success in the Pittsburgh market and believe it is an opportune time to take advantage of the apparent stabilization of recent new regional supply additions.”
Tags: paramount lod,
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 regarding PLA, please visit www.ParamountLodging.com.
Contact: Jacki Bubis
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Avison Young Hospitality Group Announces Summer 2017 Closings
Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
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
What Hotels Can Learn From the Airbnb CEO’s Twitter Exchange about What Guests Want
Paramount Lodging Advisors Arranges the Sale of the Former Residence Inn located NW Indianapolis, IN
Bedrooms to Showrooms: Blurring the Boundaries Between Hotels and Retail
The One Thing You Can Control With TripAdvisor Reviews
Paramount Lodging Advisors Sells Quality Inn & Suites Houston - Westchase
Paramount Lodging Advisors Assists in the Sale of the Detroit Metro Airport Marriott
5 Ways for Hotels to Counter Growing Pressure from Review Sites, the Sharing Economy and the Expanding Technology Stack
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
What if Airbnb Built a Hotel?
Paramount Lodging Advisors Sells Days Inn Chicago
Paramount Lodging Advisors Sells Two Limited Service Hotels in Pittsburgh
Please login or register to post a comment.