MBA Hotels - Press Releases

 

MBA Announces Awais Ahmad as New Salesperson in Pennsylvania

 

MBA Hotel Brokers Inc, announces Awais Ahmad as the newest member to its team of experienced and dedicated hospitality real estate professionals. Awais Ahmad is a licensed real estate agent in Pennsylvania.

 

MBA Hotel Brokers has been listing and selling hotels in Pennsylvania since 1999. Already a top hotel broker in Pennsylvania, with the addition of Awais Ahmad, MBA Hotel Brokers will be further penetrating the regional hospitality market.

 

Awais Ahmad brings career experience in real estate as well as financial markets. Prior to joining MBA Hotel Brokers, Awais was a lead commercial real estate broker at Legend Properties Inc., with a target focus on the hospitality industry. Additionally, Awais brings 15+ years of experience in the capital markets and investment banking industry. As a business broker at Artemis Capital Markets, Awais advised companies on merger, acquisition and restructuring transactions. Other experience includes financial advisor at UBS Wealth Management, Vice President at Glocap Search, a hedge fund advisory firm, and senior associate at Management Recruiters International.

 

Charlie Fritsch, President of MBA Hotel Brokers Inc. said, “I am excited to welcome Awais to MBA Hotel Brokers. He brings energy and real estate and financial intelligence with his knowledge of the hotel business. Awais’ enthusiasm for hotel real estate will be highly productive when combined with MBA Hotel Brokers’ powerful hotel marketing platform.  We look forward to great success for Awais.”

 

Awais Ahmad, MBA Hotel Brokers Agent, stated “I am thrilled to be working with Charlie and his team of experienced hospitality industry professionals. MBA offers an exciting responsibility to support the development of a premier hotel brokerage and capital markets advisory firm. I foresee excellent growth opportunities for MBA as hotel companies continue to consolidate and develop new properties in key target markets.”

 

MBA Hotel Brokers Inc. has been advising on hotel transactions since 1997 and has six brokers and agents carrying licenses in 12 states. MBA Hotel Brokers Inc. has closed hundreds of hotel sales, in 26 states throughout the USA. For more information, contact Charlie Fritsch at Charlie@mbahotels.com or Awais Ahmad at awais@mbahotels.com, or learn more at www.mbahotels.com

 

Holiday Inn Express Quincy, Florida

Holiday Inn Express FloridaAugust 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. 

 

 

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Holiday Inn Express Eastern Shore Maryland Sold

Holiday Inn Express Eastern Shore MarylandMBA 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. 

 

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Wingate by Wyndham Louisville East Sold

Wingate by Wyndham Louisville East Kentucky SoldMBA 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.

 

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2 Hotel Portfolio Sale in Pennsylvania

2 Hotel Portfolio, PennsylvaniaMBA 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. 

 

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Read More MBA Press Releases

 

Sale of Comfort Inn & Suites Outside of Memphis

Econo Lodge Sold in Central Pennsylvania

Sale of Independent Hotel in Central Pennsylvania

Successful Sale of Super 8, Iowa

MBA Announces Sale of Independent Boutique Hotel in Northern New Jersey

MBA Hotel Brokers and HTL Hospitality Advisors Initiate a Co-Operation Initiative

MBA Announces Sale of the Oceanfront Puerto Rico Hotel

Sale of Hampton Inn West Virginia Announced

MBA Announces Sale of Best Western in Pennsylvania

MBA Arranges Sale of Independent Hotel and Conference Center, Iowa

MBA Announces Sale of the Econo Lodge Fort Payne, Alabama

MBA Announces Sale of the Ramada at BWI Airport, Maryland

MBA Closes Sale of Country Inn and Suites, West Virginia

MBA Closes Sale of Independent Hotel, South Carolina

MBA Welcomes New Florida Broker

MBA Closes Comfort Suites, Arkansas

MBA Sells Hotel In Alabama for Future Senior Living Facility

MBA Closes Sale of Best Western, Pennsylvania

MBA Arranges $12M Sale of Grand Ocean Hotel Virginia Beach

Brandenburg, KY - SOLD

Capital Funding 2 Financing Deals in 2 Weeks

Comfort Inn, Fort Mill, SC

Ramada Titusville, FL Deal Closed by MBA

MBA Closes Holiday Inn Express, York, PA

MBA Sells Comfort Inn, York, PA

MBA Sells Iowa Designer Inn

MBA Sells Wingate, Lynn Haven, FL

Hampton Inn, Laurel, MD - SOLD

Michael Kinui Joins MBA

Holiday Inn Express, Limerick, PA - SOLD

Country Inn Suites, York, PA

Quality Inn Sale Arranged by MBA Hotel Brokers

Urmish Patel Joins MBA

 

MBA Capital Funding Inc. is a commercial mortgage and financing services firm, specializing in arranging debt and debt structures.

"As Buyer of the Comfort Suites, Arkansas, we are grateful for Suresh's professional management of this transaction, even when challenges around the PIP came up. Without Suresh's honesty, integrity, and experience guiding the transaction, it may not have closed." - Buyer Comfort Suites, Arkansas