{"id":1004112100,"date":"2015-01-28T07:43:04","date_gmt":"2015-01-28T15:43:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004112100"},"modified":"2020-04-29T08:42:08","modified_gmt":"2020-04-29T16:42:08","slug":"auction-com-launches-national-hospitality-division","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-national-hospitality-division\/","title":{"rendered":"Auction.com Launches National Hospitality Division"},"content":{"rendered":"<p><i>By Keith Loria, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004112103\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Falor.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004112103\" data-attachment-id=\"1004112103\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-national-hospitality-division\/falor\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Falor.jpg\" data-orig-size=\"1238,1362\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;C-LUX 3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1415537270&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;7.8&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0.025&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Falor\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Anthony Falor&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Falor.jpg?w=931\" class=\"size-thumbnail wp-image-1004112103\" alt=\"Anthony Falor\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Falor.jpg\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004112103\" class=\"wp-caption-text\">Anthony Falor, Auction.com<\/p><\/div>\n<p>Auction.com, L.L.C., has expanded its hospitality business with the formation of a new division focused specifically on the sale of hotel properties.<\/p>\n<p>Anthony Falor, managing director of Auction.com, will lead the new division. Falor is a 25-year hospitality veteran who specializes in acquisitions, development, franchising and hotel real estate transactions.<\/p>\n<p>\u201cAll of us know that sales activity in the lodging industry is white-hot right now. You\u2019ve got an interesting set of circumstances: sellers are looking to maximize pricing on their lodging assets, and at the same time, there is a growing audience of potential hotel buyers from far corners of the world and other commercial silos,\u201d Falor told <i>Commercial Property Executive<\/i>. \u201cOur platform uses a unique combination of big data and an incredibly extensive, far-reaching marketing program to bring more qualified buyers from around the world to every sale\u2014potential buyers that a traditional sales process would never identify.\u201d<\/p>\n<p>Falor\u2019s team includes hospitality specialists who were carefully selected for their expertise, knowledge and ability to serve the unique needs of the lodging industry\u2019s buyers and sellers.<\/p>\n<p>During the fourth quarter of 2014, Auction.com closed transactions on 26 hospitality properties and a total of 76 hotels for the entire year. These included full-service Holiday Inns, Marriott Courtyards, Hampton Inns and Suites, Country Inns by Carlson, Comfort Inns, Red Roof Inns, Best Westerns, Microtel Inns and other nationally recognized brands.<\/p>\n<p>\u201cIn 2014, we saw a huge increase in the number of private owners looking to sell their lodging assets on our unique, technology-driven platform. In fact, this category increased 99 percent in the last year,\u201d Falor added. \u201cAnd, keep in mind, these assets are <i>not<\/i> associated with distressed sellers. These are market sellers and private owners selling everything from economy to full-service assets, and located across geographies in secondary to urban markets across the country.\u201d<\/p>\n<p>Among the sellers utilizing\u00a0Auction.com\u00a0include the <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/west\/auction-com-to-auction-woolworth-building-in-downtown-la\/1004091530.html\">historic Woolworth Building<\/a>, RLJ Lodging Trust, Westmont Hospitality, Peachtree Hotel Group, Liberty Group, Garrison and Linchris Hotel Corp.<\/p>\n<p>\u201cWe are able to bring buyers to the process that the broker could not otherwise identify,\u201d Falor concluded. \u201cIn fact, in 2014, 72 percent of the winning bidders for commercial properties on <a href=\"https:\/\/auction.com\/\" target=\"_blank\" rel=\"nofollow\">Auction.com<\/a> were unknown to the broker on the deal. It\u2019s just amazing what technology, coupled with the data we collect, can bring to a sales process.\u201d<\/p>\n<p>In November, <a href=\"https:\/\/www.commercialsearch.com\/news\/business-specialties\/investment\/colony-american-finance-grabs-165m-loan-portfolio-partners-with-auction-com\/1004107665.html\">Colony American Finance purchased a $165 million portfolio<\/a> of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund, L.P., a private money lender backed by the original investors in Auction.com. CAF then entered into a strategic partnership with Auction.com to continue providing financing to the Auction.com buyer base.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auction.com has expanded its hospitality business with the formation of a new division focused specifically on the sale of hotel properties. <\/p>\n","protected":false},"author":451,"featured_media":1004112103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21742,21787],"tags":[],"class_list":["post-1004112100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-latest","category-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Auction.com Launches National Hospitality Division - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-national-hospitality-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auction.com Launches National Hospitality Division\" \/>\n<meta property=\"og:description\" content=\"Auction.com has expanded its hospitality business with the formation of a new division focused specifically on the sale of hotel properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-national-hospitality-division\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-28T15:43:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T16:42:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Falor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1238\" \/>\n\t<meta property=\"og:image:height\" content=\"1362\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Auction.com Launches National Hospitality Division\",\"datePublished\":\"2015-01-28T15:43:04+00:00\",\"dateModified\":\"2020-04-29T16:42:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/\"},\"wordCount\":467,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/01\\\/Falor.jpg\",\"articleSection\":[\"Hotel\",\"Investment\",\"News\",\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-national-hospitality-division\\\/\",\"name\":\"Auction.com Launches National Hospitality Division - 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