Alpine Realty Capital Closes Two More Sales in Northern Michigan
Alpine Realty Capital Closes Two More Sales in Northern Michigan
Alpine Realty Capital continues to be the most active hotel broker in Northern Michigan
Alpine Realty Capital, a leading advisor in hospitality real estate investment and member of Hotel Brokers International, today announced that it has successfully represented owners in the sale of the Knights Inn in Mackinaw City, Michigan, and the Lakeside Resort in Houghton Lake, Michigan (pictured).
Alpine was able to utilize the power of the Hotel Brokers International marketing platform and its website www.hbihotels.com to reach buyers from across the country. Through this network, Alpine was able to secure numerous offers.
“Northern Michigan hotels are very attractive investment options given their strong revenues during the peak season and expanding shoulder and off-season business,” said Ed Walsh, President of Alpine Realty Capital. “With numerous additional listings and off-market opportunities, Alpine is the undisputed leader in hotel real estate transactions in these appealing destinations,” continued Walsh.
Alpine works daily with groups looking for opportunities to provide capital investment or other means to provide equity returns. In an environment in which the supply of lodging properties for sale is scarce and construction costs remain high, Alpine is seeing ever-increasing interest in acquisitions from various groups, including owner-operators, who are seeking to participate in the industry’s strong returns while buying for less than replacement cost.
About Alpine Realty Capital
Based in Ann Arbor, Michigan, Alpine Realty Capital is a mortgage banking and real estate brokerage firm specializing in hotel asset investment, valuation, financing, marketing, and transaction. Edward P. Walsh, CHB, serves as President and Principal Broker of Alpine Realty Capital. Mr. Walsh is a dedicated lodging industry professional whose career spans more than 30 years in the lodging industry. He has held numerous positions in consulting, valuation, and for the most recent years as a hospitality real estate and mortgage broker, founding Alpine Realty Capital in 2007. His expertise includes providing services regarding all phases of investment, from site selection and acquisition to feasibility analysis and appraisal, and from mortgage financing to construction cost analysis. In all, Mr. Walsh has provided real estate consulting and/or transaction services for more than $1 billion worth of hospitality real estate assets.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International (HBI) is the hospitality industry's most established and experienced network of hotel real estate professionals. With more than 11,000 successful hotel transactions, HBI members are recognized leaders in hotel brokerage, investment advisory, and market insight. HBI is the founder and administrator of the Certified Hotel Broker (CHB) Program—the only professional designation specifically for hotel brokers. In addition to brokerage services, HBI offers affiliate membership opportunities for professionals in franchising, lending, appraisals, and investment services. To learn more, visit www.hbihotels.com.
For more information contact:
Edward P. Walsh, CHB, President
Alpine Realty Capital
Ann Arbor, Michigan
734.645.2566 (c)
ewalsh@alpinerealtycapital.com
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315
