NewGen Advisory completes 1031 exchange transaction in 30 days
NewGen Advisory is pleased to announce the closing of a large, all-cash 1031 exchange transaction that the company was able to facilitate in 30 days amidst the Thanksgiving holiday. The associated 120-unit property is located in Phoenix, Arizona on Northern Avenue and Highway 51, adjacent to Piestewa Peak and near the Biltmore district, and falls […]
The state of the hospitality market – Is the market dictating a sell now strategy?
Hotels working to meet ends meet and provide to those they can, have yet to reach pre-Covid levels of demand. Due to the market conditions, it seems many of these hotels that haven’t brought their numbers back up might be looking into putting their hotels up for sale to save what they can. Here’s what […]
NewGen’s Latest Closing Will Assist the City of Tempe in Expanding Housing Options for Those in Need
Phoenix— September 17, 2021 — NewGen Advisory (NewGen) assisted in the acquisition of the 40-unit Rodeway Inn by the city of Tempe to expand the city’s housing and shelter options. This acquisition will provide the City of Tempe with much-needed stability for people working with the city’s HOPE homeless outreach specialists to locate more permanent […]
NewGen’s Latest Closing Will Assist the City of Flagstaff in Expanding Housing Options for the Homeless
Phoenix— September 14, 2021 — NewGen Advisory (NewGen) assisted in the acquisition of the 44-unit Travelodge Hotel by Housing Solutions of Northern Arizona (HSNA) to expand the city’s housing and shelter options. This new acquisition will provide those in northern Arizona who have faced homelessness with another choice for housing. HSNA hopes to provide a […]
NewGen Advisory Completes Sale for Phoenix AC Marriott
Phoenix, August 2021 – NewGen Advisory (NewGen) brokered the sale of the newly opened Phoenix Downtown AC Marriott. The property was opened in February of 2021 and has 199 rooms and suites, the brand’s signature AC Lounge and AC Kitchen, and a patio that will feature live concerts and other entertainment. “This transaction represents a […]
Introduction to 1031 Exchange & How Hotel Investors Can Benefit
The process of investing in a hotel provides various investment options. There are several methods to acquire property. Exploring these different options will bring prospective buyers face-to-face with 1031 exchanges. As well as the alternative of opportunity zones. The hotel industry is thriving and has a global value of more than $570 billion. Investors continue […]
Selling a Hotel? Why NewGen Advisory Is the Right Choice
When you’re selling a hotel, it’s important to choose the right hotel broker. Choose poorly and the sale could take far longer than you’d like and earn you less profit. But, choose NewGen Advisory, and not only will you sell your hotel fast, but we will get you the best possible return on your investment. […]
100-Year-Old Hotel Designed, Built, and Financed by Women
In the nearly 100 years since its opening, it is safe to say that the Hotel Figueroa has been the backdrop for many a scene. Inarguably a piece of local history, it is impossible to say just how many lives the building and business have touched. The truth of this is even more apparent when […]