We know that succeeding in this business involves more than just getting a buyer and seller to sign a contract. The success that our company has achieved has resulted from our ability to adapt and customize services to meet each client's individual needs and earn their trust. We plan on building on our past success in the challenging times ahead by continuing to provide a full range of hospitality brokerage services, combining a high degree of personal service with the latest technological tools available to meet our client's goals. Above all, we know that long term success depends on our fulfilling our pledge of honesty and integrity in every client relationship and in all of our dealings.
Principals of Maxim Hotel Brokerage have over 70 years of collective experience in hotel brokerage, working with all types of buyers and sellers. They have completed over 250 transactions of every type of hospitality property, ranging from highway motels to hotel sites to full service hotels to large Las Vegas Casinos. Since its founding in 2002, Maxim has completed transactions nationwide, and specializes in the western United States with an emphasis on California, Arizona, Utah and in Nevada (all gaming markets including Las Vegas). The company has built a solid foundation of clients of both buyers and sellers, ranging from local entrepreneurs to some of the most active institutions in the U.S and abroad.
Maxim Hotel Brokerage, Inc.
1303 Avocado Ave, Suite 225
Newport Beach, CA 92660
Direct Line 949.759.8739
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Direct Line 949.759.8741
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Direct Line 949.226.9446
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The hotel investment industry, while still strong, has shown some caution signs. Many major markets have surpassed high-watermark levels experienced in 2007 and most hotel investors assess that we are somewhere where near the cyclical peak. The debt markets backed away in January and February due to uncertainty in the financial markets, which resulted in many re-trades or canceled deals. Coupled with the growing threat of new supply, some see a 5% to 10% pricing correction. That said, most operators remain bullish with 2016 RevPAR forecast to increase 3% to 5%, indicating that the concerns may be unfounded.
Other factors that affect the market:
- While returns seem low compared to historical averages, hospitality investments offer comparably high returns relative to other real estate segments (eg. multi-family, office, retail, etc).
- Supply of hotels for sale is low compared to the amount of capital searching for deals.
- Most brand families are offering new ways to affiliate, retain unique property characteristics and appeal to new or emerging customers (eg. lifestyle, millennials, wellness, etc).
In summary, market performance fundamentals remain strong and appear to have a stronger foundation compared to past cycles - a good sign for continued prosperity. We believe that investment opportunity is created for some investors when other investors elect to sit on the sidelines. It is a good time to sell if you are an owner that has been waiting for years to find liquidity, and it’s a good time to buy if you are looking for solid investments with strong yield and growth potential.