We are very experienced managing auctions through the Ten-X platform and have recently sold 10 hotels.
Utilizing the Ten-X Auction platform, Lodging Partners can sell your asset on a digital marketplace that precision-targets buyers, including unknown buyers from around the world. The Ten-X Auction platform helps accelerate the transaction process from listing and marketing to due diligence and closing.
Our Results Speak For Themselves – We have experienced that most auction deals close faster with 50% of properties sold to out-of-state buyers and 10% sold to international buyers and, as a result, 96% of properties go from list to close in 90 days. Lodging Partners has recently sold 10 hotels on the platform and has averaged 200 signed Confidentiality Agreements and over 5,500 unique property detail page views per listing.