July 17, 2017 – MBA Hotel Brokers, Inc. announces the successful sale of the 73 unit, 4-story Holiday Inn Express in Easton Maryland.
The sale was completed through a “pocket listing” by John J. Downes, Associate Broker with MBA Hotel Brokers, Inc. Mr. Downes had a prior relationship with the seller and was able to bring a buyer to the seller via a one on one transaction.
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.
The buyer owns two other hotels on the Eastern Shore of Maryland, including another Holiday Inn Express. The new owners plan on a complete renovation of the Holiday Inn Express to conform with the ‘Formula Blue’ design concept.
MBA Hotel Brokers Inc. has been advising on hotel transactions for over 20 years. MBA Hotel Brokers has a corporate office headquartered in Maryland and five additional branch locations. 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 John Downes at John@mbahotels.com or go to www.mbahotels.com.