August 23, 2017 – MBA Hotel Brokers, Inc. announces the sale of the Holiday Inn Express in Quincy, Florida. Suresh Patel, Associate Broker with MBA Hotel Brokers, represented the Seller, Kiwi’s Hospitality Inc. The hotel was purchased for an undisclosed amount. The 56 key hotel was built in 2006 and has won multiple awards. In 2016, it was awarded IHG’s highest honor, the Torchbearer Award. Also in 2016, the Holiday Inn Express Quincy was a winner of the TripAdvisor Certificate of Excellence.
MBA Hotel Brokers, Inc. announces the successful sale of the 73 unit, 4—story Holiday Inn Express in Easton Maryland. John Downes, Associate Broker with MBA Hotel Brokers had a prior relationship with the seller and represented the seller. Mr. Downes knew several potential buyers with interest in purchasing additional hotels on the Maryland Eastern Shore and was able to bring a buyer with interest in purchasing additional hotels on the Maryland Eastern Shore.
MBA Hotel Brokers, Inc. announces the sale of the Wingate by Wyndham East Louisville Kentucky. Suresh Patel was the listing broker and represented the seller in this deal. The hotel has strong performance and cash flow. The buyer is a regional investor who understands the market and appreciates the location and the product. The 74 unit Wingate is only 11 years old and has been continually updated, including recent capital improvements like new mattresses, carpeting, and more.
MBA Hotel Brokers, Inc. announces the sale in June of the portfolio sale including the Eisenhower Hotel and Conference Center, Aspire Hotel, Allstar Events Center, and Devonshire Village Condominiums. The portfolio sale consisted of the last remaining properties in a large estate. Due to the complexities of estate ownership with many heirs, and the expediency of the auction process, the property was auctioned on May 12th. Charlie Fritsch worked hard to galvanize interest in bidders prior to the auction and secured a field of motivated buyers making offers before the auction and bidding live during the auction.
"Thank you for all your help in the purchase of the Econolodge, Fort Payne, AL. Suresh Patel and MBA Hotel Brokers' service and experience were instrumental in successfully completing this transaction. I will use MBA Hotel Brokers' service in the future for other acquisitions. Also, I will strongly recommend to my friends and family, if they ever want to buy or sell hotels". - Buyer Econolodge, Alabama