CBRE Hotels Sells Two Holiday Inn Express Hotels in Brooklyn

New York, New York – December 18, 2013 – CBRE Hotels arranged the sale of the two Holiday Inn Express Hotels located in Brooklyn, New York to a joint venture between Manhattan based Three Wall Capital, LLC and Skyview Capital, LLC.

The 115-room Holiday Inn Express New York-Brooklyn and the 104-room Holiday Inn Express Brooklyn Downtown are located just south of Downtown Brooklyn, just blocks from the new Barclays Center and Atlantic Terminal. Built in 2006 and 2007, respectfully, the two hotels were trendsetters to the burgeoning neighborhood that is now one of New York City’s best improving lodging submarkets. The Holiday Inn Express Brooklyn Downtown will be converted into a Comfort Inn and both properties will be managed by Boast Hotel Management Company, LLC.


Click here to view the sale announcement.

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.