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Happy Spring 2010!
By Earle Wason | 3/22/2010
We have been very busy over the past few weeks! Our web site is experiencing heavy traffic and many of you who were previously registered have signed in again.
We are now optimistically seeing improvement in the New England hotel marketplace. It looks as if we are seeing the end of the hotel revenue slide and a fair number of properties are seeing year over year increases. This really had to happen before we could see a good increase in the transaction market. Buyers were having a tough time determining their value as they were concerned as to when we would see the end of the revenue drop.
Now that appears to be over and buyers, lenders and appraisers will have an easier time identifying values which means there will be more transactions. We are currently negotiating some very good buying opportunities and expect to see more activity in 2010.
Much more on this very soon!
Earle
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Wason Associates
Our team welcomes you to the Wason Associates Hospitality Real Estate Brokerage Group web site. Here you will find relevant and up to date information on the market, review current transactions, learn about our services and most importantly review hotels offered for sale. Our fully functional and integrated system provides buyers with pertinent property and market data and is designed to inform, educate, provide the ability to evaluate properties for sale and help make an informed decision to pursue a hotel purchase.
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