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
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,
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
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
Phoenix, August 2021 – NewGen Advisory (NewGen) brokered the sale of the newly opened Phoenix Downtown AC Marriott. The property was opened in February of
Covid-19 has altered the hospitality industry in many ways, impacting how hotels operate to survive while maintaining brand quality. Hotel managers have had to develop
The hotel industry was one of the hardest hit by the COVID-19 pandemic. However, it is recovering and gaining momentum as assets change hands at
Are you ready to welcome back international travelers? After a challenging year with various restrictions, the travel industry has adapted and is starting to open
The hotel industry, along with the rest of the tourism sector, was one of the most affected by lockdown and restrictions. Finally, after months of
After months of lockdown, hotels are open for business once again. However, the business will not go back to how it was, and innovative and
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
Phoenix, May 2021 – NewGen Advisory (NGA) created a task force to help hotel owners and alternative use buyers during the pandemic. The initiative tapped