Paramount Lodging Advisors Sells SpringHill Suites
Monday June 10th, 2013 - 10:33AM B
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
SOUTHFIELD, MI—Paramount Lodging Advisors (PLA) has announced the sale of the SpringHill Suites. PLA’s Bennett Webster facilitated the transaction, which consisted of a note sale and negotiated deed-in-lieu, resulting in a simultaneous title transfer to the new owner.
The Southfield sale represents PLA’s ninth Michigan hotel engagement in the past eight months.
“We are very pleased to continue to take part in the ongoing transformation of the Metro Detroit lodging market,” Webster said in a statement. “Given our extensive work in Michigan, our team has had unparalleled success in uncovering and identifying value for sellers, buyers and lenders of performing and distressed hotel assets in the Detroit area.”
Tags: • Hospitality • Brands •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.