NewGen Closes Sale of Historic Ellis Building
NEWGEN ADVISORY | Successful Closing Historic Phoenix Landmark to Become Marriott Hotel October 8, 2026 PHOENIX – NewGen Advisory has completed the sale of the historic Ellis Building in Downtown Phoenix, marking the next chapter for a nearly century-old office property that the buyer plans to convert into a Tribute Portfolio by Marriott hotel. Kishan Gohel, […]
Four decades in the Family: Economy Inn Sale Closes with NewGen Advisory
NEWGEN ADVISORY | Successful Closing Four decades in the Family: Economy Inn Sale Closes with NewGen Advisory September 11, 2026 By NewGen Advisory NewGen Advisory is pleased to announce the successful sale of the Economy Inn, a 28-room limited-service motel located at 508 S White Sands Blvd in Alamogordo, New Mexico. Built in 1957, the Economy […]
Main Street Motel Sells After 40+ Years of Family Ownership
NEWGEN ADVISORY | Successful Closing Main Street Motel in San Diego Sells After More Than 40 Years of Family Ownership September 11, 2026 By NewGen Advisory NewGen Advisory is pleased to announce the sale of the Main Street Motel, a former 27-room motel located at 3494 Main Street in San Diego, California. The transaction was led by NewGen […]
Studio 6 Sold Following Strong Extended-Stay Performance
NEWGEN ADVISORY | Successful Closing Studio 6 Sells Following Strong Extended-Stay Performance “This transaction is a great example of how a well-renovated extended-stay asset with strong operating performance can stand out in the market. The property had a clear story, strong demand and multiple value drivers that resonated with buyers.” – Devo Ragha September 11, […]
Baton Rouge Hotel Sells After Multiple Offers
Successful Closing Baton Rouge Hotel Sells After Multiple Offers August 21, 2026 By NewGen Advisory NewGen Advisory is pleased to announce the successful sale of another bank-owned, distressed hospitality asset, this time a 172-room property in Baton Rouge, Louisiana. The deal was led by NewGen Advisory Senior Vice Presidents Jigar Desai and Kishan Gohel, who guided […]
123-Room Home2 Suites by Hilton has sold
NEWGEN ADVISORY | Successful Closing NewGen Advisory Closes Sale of 123-Room Home2 Suites by Hilton in Albuquerque August 11, 2026 By NewGen Advisory NewGen Advisory has announced the successful sale of the 123-room Home2 Suites by Hilton in Albuquerque, New Mexico. This Albuquerque hotel transformed from stalled development into stabilized Hilton extended-stay asset. NewGen Advisory represented […]
Renovate, Reposition, or Sell? A Framework Every Hotel Owner Should Consider
NEWGEN ADVISORY | Highest & Best Use Renovate, Reposition, or Sell? A Framework Every Hotel Owner Should Consider July 22, 2026 By NewGen Advisory Every hotel eventually reaches a point where ownership must decide what comes next. A Property Improvement Plan arrives, deferred maintenance accumulates, debt matures, market conditions shift, or ownership goals evolve. At that […]
Understanding Hotel Conversions in Today’s Market
NEWGEN ADVISORY | Highest & Best Use Understanding Hotel Conversions in Today’s Market July 22, 2026 By NewGen Advisory For many hotel owners, value has traditionally been created through renovation, operational improvements, and stronger revenue performance. While those fundamentals remain important, today’s market has introduced another strategic question: is the property’s highest value found as a […]
Adaptive Reuse: Looking Beyond Hospitality to Unlock Hidden Value
NEWGEN ADVISORY | Highest & Best Use Adaptive Reuse: LookingBeyond Hospitality to Unlock Hidden Value July 22, 2026 By NewGen Advisory Adaptive reuse has become one of the hospitality industry’s most compelling value-creation strategies. While many people use the terms ‘conversion’ and ‘adaptive reuse’ interchangeably, they represent different approaches. A conversion changes the use of a […]
NewGen Advisory sells Miami Beach hotel
NEWGEN ADVISORY | Successful Closing Art Deco, Cultural Legacy, and a Clean Close: The Marlin Hotel Sells Miami Beach, FL | June 25, 2026 By NewGen Advisory Some hotel transactions represent a change in ownership | Others represent the passing of a legacy. The recent sale of The Marlin Hotel, located at 1200 Collins Avenue in the […]