DSH Hotel Advisors Wins CRE Deal-Making Competition
The CoStar Group has announced the Power Brokers Quarterly Deals winners for the second quarter of 2020.
Dennis Hopper, the managing principal of DSH Hotel Advisors, came out on top of the list of winners in the hotel sector within a defined market. Power Brokers Quarterly Deals’ winners are determined by their top deals in specific major markets each quarter, based on sales price and square footage.
Hopper said, “COVID-19 has really slowed down the volume of hotel transactions this year; however, we are still averaging between 7-10 offers on every exclusive listing assignment, which is allowing us to move deals to contract and get them closed. There is still a large portion of buyers sitting on the sidelines waiting to see what happens with the market or hoping for big discounts, but there is also a segment of buyers that remain optimistic about the recovery and are willing to pay fair prices for hotels based on 2019 valuations with a 5-15% discount applied—for the right property.”
DSH Hotel Advisors is a national hotel brokerage and advisory firm based out of Tampa, Florida. The firm exclusively represents investors seeking an acquisition or disposition of hotel assets throughout the U.S., with a regional focus in the southeast.
