Lodging Partners is pleased to announce that, over the past 7 years, Lodging Partners has had an advisory role on 106 hotel assets with over $467 Million in sales that included two portfolios of extended stay hotels. Recent sales include the Hampton Inn Selma, NC; Residence Inn - Durango, CO; and the Motel 6 - Jacksonville, NC. In each of these sales, we were able to apply our market and asset-specific expertise to assist the sellers and buyers in reaching their goals and objectives. All of these properties were widely marketed and garnered heavy interest.

Our firm has an unwavering commitment to client service and offers a range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition. In addition to selling hotels, we also coordinate the sale and purchase of hotel notes, arrange preferred equity & recapitalization, and manage auctions through the Ten-X platform, where we recently sold 10 hotels.

Let us know if we can be of help.
Why Hotel Technology Tradeshows Are Now More Vital Than Ever
The need for viral safety has made technology inescapable for hotels. With all the new protocols for self check-in, mobile room keys, physical distancing, contact tracing, prearrival virus screenings (staff and guests), contactless transactions and rigorously itemized cleaning checklists, and with less revenue to go around due to the lack of groups, the only way to stay profitable is through continued automation.

For September Europe's Hotel Industry Reported Slight Performance Decreases from the Prior Month
Europe's hotel occupancy fell 51.7% to 38.9% in September, according to monthly data from STR. ADR dipped 27.2% to €90.78 ($107.50) and RevpAR declined 64.8% to €35.31 ($41.48).

IHG Third Quarter Group Q3 RevPAR Down 53.4%
Occupancy improved to 44% from 25% in Q2; 199 hotels (3% of estate) remained closed at 30 September

Hotels in Both the Middle East and Africa Showed Continued Occupancy Improvements but at Overall for September
In the Middle East, hotel occupancy fell 30.8% to 43.3% in September as ADR dipped 13.5% to $98.54 and RevPAR declined 40.1% to $42.64. In Africa, hotel occupancy decreased 61.2% to 25.6%, ADR rose 2.7% to $99.99 and RevPAR fell 60.2% to $25.57.

Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select service hospitality investment properties on behalf of institutional and private investors throughout the United States. The firm offers a range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition planning.

Lodging Partners is client driven and offers partner-level involvement on all assignments. Our knowledge and experience in franchising, development, feasibility, management, banking and brokerage ensures value-added results. We use our top level network of hotel and lending industry contacts plus our proprietary technology to optimize solutions to all levels of hospitality industry participants.

Our clients range from one hotel owner-operators to international hotel chains. Whether we are selling our client's only hotel or assisting a public company with a multi-faceted acquisition plan, our commitment is the same - we deliver value-added solutions by providing a senior-level, hands-on approach to each client and every engagement.