More hotels are coming to market now and we expect to work closely with The Lightstone Group in the current year to help achieve their growth targets, said Ethan Kramer, President of Paramount.
Our 30-plus years of hotel experience are a huge benefit for investors in sourcing and analyzing hotel investment opportunities, some of which have hard-to-identify, unique attributes.
These properties have intangibles that go beyond repositioning and strong management, often in markets that are overlooked.
and its investors/owners seek full-service and select-service hotels, primarily in secondary and suburban markets that have the bones to be premium-branded.
While these properties may not be as sexy as a downtown urban hotel, we know that they can generate high returns with prudent risk, Kramer
The key is finding and unlocking the value that others do not see.
noted that many hotels currently on the market have significant PIP requirements because upgrades were pushed back well beyond the normal cycle during the recent recession.