We know that succeeding in this business involves more than just getting a buyer and seller to sign a contract. The success that our company has achieved has resulted from our ability to adapt and customize services to meet each client's individual needs and earn their trust. We plan on building on our past success in the challenging times ahead by continuing to provide a full range of hospitality brokerage services, combining a high degree of personal service with the latest technological tools available to meet our client's goals. Above all, we know that long term success depends on our fulfilling our pledge of honesty and integrity in every client relationship and in all of our dealings.
Principals of Maxim Hotel Brokerage have over 50 years of collective experience in hotel brokerage, working with all types of buyers and sellers. They have completed over 200 transactions of every type of hospitality property, ranging from highway motels to hotel sites to full service hotels to large Las Vegas Casinos. Since its founding in 2002, Maxim has specialized in the western United States with an emphasis on California, Arizona and in Nevada (all gaming markets including Las Vegas). In light of recent economic developments, it is expanding its work to include challenged and distressed properties nationwide. The company has built a solid foundation of clients of both buyers and sellers, ranging from local entrepreneurs to some of the most active institutions in the U.S.
Maxim Hotel Brokerage, Inc.
1303 Avocado Ave, Suite 225
Newport Beach, CA 92660
Direct Line 949.759.8739
Direct Line 949.759.8741
As hotel markets stabilize and continue to show improvement, more deals are getting done. We had a robust year in 2012 with numerous and diverse transactions ranging from a $1.85 million small motel in Las Vegas to a two-hotel Hilton Portfolio (San Antonio and Kansas City) for $45 million, to a 12-hotel portfolio of premium select-service hotels throughout the midwest and southeast for $116 million. We are currently marketing several active listings as well as off-market opportunities and expect 2013 to be a fairly strong year for transaction activity. This was certainly the sentiment at the recent hotel investment conference (ALIS), where transaction activity was forecast to return to more normal levels.
Financing continues to dictate what types of deals are getting done and how aggressively buyers are chasing deals. Small properties are appealing to owner/operators who can leverage the benefits of the SBA financing programs. Larger stabilized deals ($20 million and up) are appealing to equity funds, national platform buyers and REITs that have a track record of borrowing from national platform lenders. They are enjoying historically low rates and aggressive terms. However, a gap remains in financing availability for deals in the $12 million to $25 million range, particularly if a turnaround or repositioning is required, and existing cash flow is low. We expect many deals with that profile will trade over the next 12 to 18 months, as hotel markets have returned to levels that support and justify a repositioning effort. Since the competition may be a little narrower, buyers with available equity are getting good deals, and sellers are enjoying having a bit more liquidity for those projects.
Whether you are looking to sell or buy, please contact us to learn about how we may work together.