Finding the Right Broker
5 qualities that make for an effective partnership by Suraj Bhakta, CEO of NewGen Advisory Published May 2024 Understanding what you need from your hotel broker is paramount to securing a smooth transaction at an optimal price. Essentially, your broker is the captain of your transaction ship, and finding the right one can make or […]
NewGen Advisory Recognized in the Annual Platinum Broker Awards by Crexi
Phoenix (March 21, 2024) – NewGen Advisory is thrilled to announce that eight of its distinguished agents have been recognized in the annual Platinum Broker Awards by Crexi, the leading commercial real estate marketplace and technology platform. The esteemed recipients of this year’s accolade are Dinesh “Dan” Rama, Jigar “Jay” Desai, Bharat Patel-Vakil, Ryan Bodine, […]
Sleep Inn Tempe Successfully Transforms into Thriving Student Housing Development
Tempe (February 1, 2024) — In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer, marking the beginning of an exciting new chapter for the property.The 72-room hotel, strategically situated on 1.38 acres, has been sold to a visionary developer, who plans to demolish the […]
Tucson Motel to be Converted into a Shelter, Apartments after $2.6M Sale
Jigar Desai, with NewGen Advisory, handled the $2.6 million sale of the 30-unit Amazon Motel on two acres of land at 1135 W. Miracle Mile, near Fairview Avenue.
NewGen Advisory Partnering with the Arizona Housing Fund to Raise Funds for Affordable Housing
Hotel brokerage kicks off partnership with $5K donation PHOENIX (January 12, 2022) – NewGen Advisory, a boutique brokerage firm specializing in exclusively hospitality assets, has made a $5,000 donation to the Arizona Housing Fund and joined the Fund as a partner in the Escrow Donation Program. The brokerage, which is based in Arizona and operates […]
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 […]