Recent News

Latest Press Releases Section

Champion Hotels Closes Acquisition of 4-Hotel Portfolio in Oklahoma

OKLAHOMA CITY – HotelBrokerOne (HB1) announced Champion Hotels has acquired a 4-hotel portfolio in Oklahoma from American Hotel Investment Properties (AHIP), a national REIT.

According to HotelBrokerOne, whose offices in Oklahoma City and Dallas led the deal, the purchase which closed on Dec. 6 consisted of two Holiday Inn hotels and a Staybridge in Oklahoma City, and a Hampton I...

HotelBrokerOne sells the Holiday Inn Express & Suites – Lewisville, Texas

HotelBrokerOne sells the
Holiday Inn Express & Suites – Lewisville, Texas

Lewisville,
TX – In late May 2022, HotelBrokerOne completed the sale of an 89 room
Holiday Inn Express & Suites located near Vista Ridge Mall and I-35 in
Lewisville, TX. The hotel opened in 2001 and received a substantial
upgrade in 2018. It has been awarded IHG’...

HotelBrokerOne announces the passing of Bernard Levine, hotel pioneer

HotelBrokerOne announces the passing of Bernard
Levine, hotel pioneer

Phoenix, AZ – HotelBrokerOne announces the passing of Bernard Levine, hotel pioneer, who passed away on
September 25, 2021, after a long illness. Bernie was well known in
the Arizona hospitality industry: Desert Sky Management, the Van Buren
Businessmen’s Associati...

HotelBrokerOne announces addition of new Dallas broker, Bert Stevens

Bert Stevens joined HotelBrokerOne in August 2021 as a broker in their Dallas office. Bert brings over 49 years of commercial brokerage sales experience, including working as a broker for CBRE (formerly lnsignia/ESG) in 1996 to open the firm’s Hotel Partners office in Dallas.

Bert focuses on small and large single asset transactions and portfolio sales throughout the central United St...

HotelBrokerOne Denver sells 460 Flatirons Blvd. land, Broomfield multifamily project soon underway

Broomfield, CO – HotelBrokerOne (“HB1”) Denver completed the sale of the land at 460 Flatirons Blvd. in Broomfield, Colorado on June 30, 2021.

Pivot Development Co., an Indiana-based multifamily residential developer, is planning a large, new apartment community near the intersection of Flatiron Boulevard and Interlocken Loop. The complex will be known as The Lock at Flatiron...

HotelBrokerOne sells Holiday Inn Express & Suites NW Oklahoma City

Oklahoma City, OK – HotelBrokerOne (“HB1”) recently completed the sale of the Holiday Inn Express & Suites Quail Springs in Oklahoma City, Oklahoma. This limited service, 92-unit hotel is located in Northwest Oklahoma City, at the crossroads of the John Kilpatrick Turnpike/Interstate 44 and Lake Hefner Parkway. The hotel overlooks the Quail Creek Golf and Country Club.

HB1 C...

HotelBrokerOne sells Cobblestone Inn & Suites in Eaton, CO

HotelBrokerOne sells
Cobblestone Inn & Suites in Eaton, CO

Eaton, CO – HotelBrokerOne (“HB1”)
recently completed the sale of the Cobblestone Inn & Suites in Eaton,
Colorado. This limited service, 45-unit hotel is located just East of
Fort Collins and North of Denver.

The hotel was sold May 14 for $3.1M, after a national
marketing effort ...

HotelBrokerOne Sells Comfort Suites in NW Dallas

HotelBrokerOne Sells Comfort
Suites in NW Dallas

Dallas, TX – HotelBrokerOne (“HB1”) completed the sale of the
Comfort Suites in NW Dallas, Texas. This limited service, comprehensively
renovated, 103-unit 4 story hotel is located near Love Field and adjacent to
the I-35 corridor. The hotel was sold May 19, 2021 for...

HotelBrokerOne sells Aloft Bricktown OKC to Hawkeye Hotels

HotelBrokerOne sells Aloft
Bricktown OKC to Hawkeye Hotels

Oklahoma City, OK – HotelBrokerOne
(“HB1”) recently completed the short sale of the Aloft Downtown Bricktown in
Oklahoma City, OK. The modern, full service, 134-unit hotel was sold to
Hawkeye Hotels, a national hospitality investment company based in Iowa City,
IA.

The hotel was sold Mar...

HotelBrokerOne Sells 243 Room Holiday Inn

Bedford, TX – The Dallas and
Oklahoma City offices of
HotelBrokerOne have completed the
sale of the 243
room Holiday Inn Bedford, TX to an undisclosed local buyer. The six
story hotel, located south of the DFW Airport, has a history of excellent performance.
No plans were disclosed by the purchaser regarding future renovation
plans. Joe Strain and Bruce Ho...

Quality Inn converts to Siegel Suites

Jackson, MS – HotelBrokerOne recently completed the sale of the Quality Inn located in Jackson, MS. The hotel is 138 units and was sold to a Nevada hospitality investment company, Jackson Miss Holdings LLC.

The Hotel, which was a La Quinta until recently, is now being converted to an apartment and extended stay property operating as a Siegel Suites.

HotelBrokerOne is a national hote...

Champion Hotels Acquires Tower Hotel

OKLAHOMA CITY – The recent purchase of the Tower Hotel on
Northwest Expressway is a win-win for Oklahoma City, giving new life to a city
landmark and bringing Oklahoma City a new Embassy Suites hotel.

HotelBrokerOne, along with NAI Global, brokered the
deal. A local ownership group led by Champ Patel plans to convert the
354-room Tower Hotel, formerly a full-service Marriot...

HotelBrokerOne sells closed Stanton Hotel, set to reopen

11.01.2017

Stanton, TX – HotelBrokerOne
recently completed the sale of the hotel formerly known as the Cobblestone Inn, located in Stanton,
TX. The hotel is 54 units and has been closed for over a year. The hotel was
sold to a Texas hospitality investment company, Shiv Gange III.

The Hotel, constructed in 2014, is
in excellent condition and will reopen within the month. T...

HotelBrokerOne/Gallegos & Associates, Inc. sells Garden Inn & Suites, - Wichita, KS

22222">Wichita, KS – HotelBrokerOne,
in conjunction with Gallegos & Associates, Inc., sold a popular hotel
located near Towne East Mall. This 97 room, 6 story hotel was
purchased by a California based private investor for $3,235,000.

22222">The Garden Inn and Suites,
formerly LaQuinta, was constructed in 1973, and is being converted to Red Roof
Inn Plus. Bu...

HotelBrokerOne sells LaQuinta Inn & Suites, Tyler, TX

Dallas, TX – HotelBrokerOne,
in conjunction with Sunbelt Hotel Brokers, sold a popular hotel located in
the University area of Tyler, TX. The 73 room, 3-story hotel on
SE Loop 323 was purchased by a California based private investor at an
undisclosed price.

The LaQuinta, constructed in late
2014, required very little franchise upgrades and will continue o...

HotelBrokerOne sells Comfort Inn rebranded as a Days Inn

Prescott, AZ – HotelBrokerOne
recently sold the lovely Comfort Inn located in Prescott, Arizona. The
hotel was rebranded, upon sale, as a Days Inn with the Buyer planning
significant improvements and renovations to follow.

The sixty-one unit property located
in the beautiful scenic pines area of Prescott, was sold to a southern
California investor with many years of ho...

Junction City Hotel sold with major rebranding

Junction City, KS – HotelBrokerOne recently sold the Holiday Inn Express located on Interstate 70 in Junction City, Kansas. The hotel is a 60 unit property that was sold with an expiring Holiday Inn Express franchise for an undisclosed price to Shree Bholenath Real Estate, LLC.

The hotel is no longer a Holiday Inn Express effective May 1; however, the new ownership has reached an...

HotelBrokerOne sells Best Western Plus Otay Valley

HotelBrokerOne (HB1) is pleased to announce the sale of Best Western Plus Otay Valley, located in Chula Vista, California. The three story, exterior corridor property offers proximity to Tijuana, Mexico and San Diego's downtown providing a perfect location for corporate and leisure travelers. The property was sold via an off-market transaction from Pacifica Host Hotels to a California based hot...

HotelBrokerOne sells Holiday Inn Express with future rebrand

Dallas, TX – HotelBrokerOne recently sold a popular hotel located in Addison, TX, a part of the Dallas metroplex. The 102 room Holiday Inn Express, located just off of Beltline, sold to a Frisco, TX based investment group at an undisclosed price. HotelBrokerOne represented an Oklahoma City and Dallas based ownership group.

The Holiday Inn Express will retain the franchise until spring ...

HotelBrokerOne sells La Quinta Kansas City Airport

Kansas City, MO – The La Quinta Inn & Suites Kansas City Airport has been successfully listed, marketed, and sold by HotelBrokerOne. The hotel was listed for less than seven days prior to HB1 obtaining multiple acceptable offers, with total transaction time being just over ninety days from start to finish. The hotel will undergo a significant renovation and remain a La Quinta Inn & Su...

Batesville hotels sold with upgrades in store for future

Batesville, AR – HotelBrokerOne recently sold of a portfolio of two hotels located in Batesville, Arkansas. The sale included the 65 room Holiday Inn Express and the 123 room Ramada Inn.

The two hotels will retain the same franchise status, while undergoing significant improvements to both of the properties. The Holiday Inn Express is expected to have a million dollars’ wor...

<< start < prev View All Press Releases next > end >>

view more links >>

Links Section

HVS
http://www.hvs.com/

A strong force regarding Consulting, valuation and research in the worldwide hotel industry.

Smith Travel Research
http://www.strglobal.com/home.aspx

STR Global offers monthly, weekly, and daily STAR benchmarking reports to more than 38,000 hotel clients, representing nearly 5 million rooms worldwide. STR Global and STR are now the world’s foremost sources of hotel performance trends and will offer the definitive global hotel database and development pipeline.

View Links Section