Optimum Sells Philadelphia Area Best Western Quakertown to Local Partnership
Philadelphia PA - June 7, 2013 - Optimum Hotel Brokerage announced today that the firm has closed on the sale of the Best Western Quakertown, a select-service hotel in Quakertown, Pennsylvania, a suburb of Philadelphia. Joe McCann, Optimum's president, was the exclusive hotel broker and Licensed Pennsylvania Real Estate Broker representing the seller, a family who had owned and operated the successful property for more than 30 years. The buyers of the hotel were local hotel investors.
“The Best Western Quakertown is a 44-unit, well-constructed hotel that had been operated by the same family owners for more than 30 years” said McCann, “and the hotel reflects the care and attention of two generations of family ownership”. Optimum Hotel Brokerage managed an intensive, yet confidential, marketing process to attract more than 20 offers on the property. By managing this competition, We achieved a sale price within 2% of the seller's asking price.”
Optimum Hotel Brokerage has brokered numerous hotel assets in the past year, including the Days Inn Groton in Groton, Connecticut; the Hampton Inn Lehighton in Lehighton, PA; the Inn at Panther Valley in Allamuchy, New Jersey; the York View Hotel in York, PA; the Skyview Plaza Hotel in Philadelphia, PA; the Econolodge Farmingdale in Farmingdale, New Jersey; the Flagship Inn in Groton, Connecticut; the Ramada Inn in Galloway, New Jersey; and the Litchfield Inn in Litchfield Connecticut.
Optimum Hotel Brokerage is also a member and Joe McCann is past president of Hotel Brokers International, the world's largest and oldest hospitality real estate organization, which has a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services. Comprised of some 50 hotel real estate broker specialist s, HBI provides the hospitality industry with its most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach. Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI's Broker of the Year for the Northeast Region for many years. HBI has also awarded McCann with the Portfolio Sale of the Year, and Unique Deal of the Year. Optimum Hotel Brokerage and Joe McCann was awarded HBI's prestigious Broker of the Year Award in 2006. Optimum Hotel Brokerage is also a provider of expert witness testimony in hotel bankruptcy, distressed hotel litigation, franchising, and hotel operations.
Mr. McCann is chairman of the Penn State Hotel and Restaurant Society, representing the more than 7,000 alumni of Penn State's renowned School of Hospitality Management.
For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com. For a complimentary valuation of your hotel, call 215-572-7711.
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