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Auction & Acquisition
Strategic hotel deal evaluation, underwriting and buyer transaction support services.
Projected hotel investment returns are only as good as their underwriting. For over two decades, hotel investors have relied on Lee Commercial Real Estate Company to provide guidance and recommendations from preliminary deal review through to acquisition.
Nation's Leading Hotel Brokerage Firm
When it comes to triple net commercial real estate for sale or for buy there are hundreds of websites with thousands of properties available. With so many choices it can be very difficult to narrow down your options and chances are that by the time you do some of the best options will be sold. The outcome is a lot of work done by you and your investment goals are not achieved.
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Concept Development, Facilities Programming & Project Planning
+ Brand/Management Selection & Contract Negotiation
+ Pre‐Opening Asset Management
LEE & PDI approaches asset management with a focus on three primary objectives.
LEE & PDI achieves these objectives through a six-step approach: Strategy, Goal Setting, Oversight, Kaizen (constant improvement), Remediation, and Foresight.
Capital Planning & Finance
Strategic planning and oversight of renovation and major capital projects, balancing brand requirements and market realities with ownership investment objectives.
LeeCommercial has represented owner interests during the planning and execution of capital plans for more than two decades and has been involved with some of the largest hotel renovation and re-development projects ever completed in the U.S. From property repositioning to routine capital planning, our services allow hotel owners to effectively plan and fund projects, balance brand requirements with ownership investment objectives, and preserve the long-term physical and financial value of their assets.
Marketing & Management
Active oversight and strategies proven to enhance operational performance and align property management with ownership investment objectives.
Because hotels are an operating business, asset management for hotels is far more complex than for any other real estate asset class. The role of a hotel asset manager is multifaceted and, to be optimally effective, an asset manager’s knowledge and experience must encompass a variety of disciplines including: hotel and restaurant operations, sales and marketing, real estate finance, accounting, project management, contract law, technology, spa operations, capital expenditure (LEE & PDI) planning, and building systems management. For resorts, the level of required expertise is even greater and will often encompass for-sale real estate (whole ownership and fractional), timeshare/interval ownership, golf, tennis, ski operations, marinas, and a host of ancillary amenities.
53 Unit Hotel with Exterior Corridor.
Fee simple interest in the 2000 build, 125-Room Hyatt House offered at a substantial discount to replacement cost
Available unencumbered of debt with the ability to retain the Hyatt House flag for a new long-term license
Approximately $2MM (~$16K per key) of recent renovations
HISTORIC BOUTIQUE HOTEL | WELL-LOCATED IN A LEADING U.S. TOURIST DESTINATION
110 Unit, 2 Story Hotel
$1,022,000 2016 Room Revenue
New Owner's PIP Complete with Full Phoenix Renovations
Less than 2 Hours from San Diego
Prime Location on Interstate 8
Asking Price: $4,800,000
52,400 sq ft
Hospitality - Full Service
Hospitality - Limited Service
The Property consists of 81 rooms and contains a diverse exposure to the transient business and leisure segments in the local area. An investor can expect to obtain a fifteen year license agreement from IHG with the completion of the Formula Blue PIP and is being offering unencumbered of management and debt.
Houston, Texas. Property highlights are as follows:
125 Units * Brand New, Built in July 2016
$3,000,000 Room Revenue, Still Ramping Up
4-Story, Interior Corridor Hotel
Located in Houston, Directly on TX-290 Freeway in Cypress Area
120-room Hampton Inn Columbia.The hotel was built in 1996 and underwent an extensive $3.3 million renovation in 2016, which included the completion of Hilton’s Forever Young Initiative (FYI) renovation requirements. This extensive renovation included the expansion of guestroom bathroom square footage in addition to all new FF&E.In tandem w/the extensive interior & exterior renovation expires 2031
1.78 (+/-) acres in Norco, California. Corner lot adjacent to Interstate 15. APN 127-020-032
Norco is 45 miles east of downtown Los Angeles in Riverside County, four miles north of Corona, CA
Fully entitled. Approved by a major franchise. Permits are ready to pull.
The seller will go ahead and build this hotel if the development site is not sold.
Located off I-70, just east of the Colorado border
Priced under 2.5x revenue Priced under $15k/Key
NEW Lobby & Breakfast Area
NEW Roof w/warranty (2016) NEW Carpet & Paint
NEW Digital PTAC Units (33 of guestrooms)
NEW Beds & Light Package (25 guestrooms)
NEW LED Flat screen TV’s Computer System & WIFI
Two-Room Suites & Guest Laundry
Seasonal Indoor Pool
54 Unit, 3-Story Hotel
Asking Price: $7,800,000
Property Type Hospitality
Cap Rate 9.50% Keys 83 Year Built 2009
Buildings 1 Stories 3 Lot Size (acres) 1.7
Parking (spaces) 90 Price/Key $93,975.90
Ownership Fee Simple
Asking Price: $5,600,000 Property Type Hospitality
Cap Rate 9.40% Keys 67 Year Built 2009
Buildings 1 Stories 3 Lot Size (acres) 1.53
Parking (spaces) 78 Price/Key $83,582.09
Ownership Fee Simple
Asking Price: $4,250,000
Property Type Hospitality
Cap Rate 9.35% NOI $397,383
Stories 5 Keys 71 Year Built 2003
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