CHICAGO – April 14, 2016 – CBRE Hotels announced that Bridge Investments, a Chicago based private equity firm, sold the 226-room Holiday Inn to Batra Hospitality Group, Inc.
Brian Silberman, Nate Sahn, Stanley Wang and Scott Miller of CBRE Hotels in Chicago represented Bridge Investments in the sale of the Holiday Inn located at 150 S. Nicolet Road in Appleton, Wis.
“With a proven track record and hands on approach, Batra Hospitality Group, Inc. will undertake the renovation of the Holiday Inn and continue its excellent customer service, capitalizing on the hotel’s advantageous location,” said Brian Silberman, CBRE Hotels. The Holiday Inn sits strategically at the College Avenue exit off of Interstate 41 in Appleton, WI. Batra Hospitality Group Inc. is in negotiations with Hilton Worldwide to up-brand the Hotel to a Doubletree by Hilton affiliation.
CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation, consulting, research and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.
