Hospitality Group

Hotel AG Brokers Sale of Metro Atlanta Suburban Extended Stay


ATLANTA – July 11, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the 135-room Suburban Extended Stay Hotel in Woodstock, Georgia on behalf of Berkadia Commercial Mortgage. The property sold to D/H Loan Investments Inc. for an undisclosed amount. "We are pleased to have represented a long term institutional client on this asset and also have the opportunity to work with a local buyer who was very knowledgeable of the asset and the market,'' stated Wendy Blissett, vice president and par... Read More

published: 07-11-2011

Hotel AG Brokers Sale of a 364-Room Wyndham Hotel in the Middle Atlantic Region


ATLANTA – July 18, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed on a 364-room Wyndham Princeton Forrestal Hotel and Conference Center in the Middle Atlantic Region on behalf of US Bank. The property sold to InnZen Hospitality for an undisclosed amount. "This sale is another example of a stabilizing hotel transaction market. This full-service hotel is intrinsically spectacular but suffered financial setbacks over the last couple of years, thereby resulting in a sales price that was ... Read More

published: 07-18-2011

Hotel AG Closes Three Hotel Transactions in Past Two Weeks


ATLANTA – July 25, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed three separate hotel transactions over the past 14 days. The transactions included a new Hampton Inn & Suites, a Quality Inn and an independent hotel. Clients represented were private sellers and lenders and the buyers included both a REIT and private purchasers. The firm’s agents involved in the disposition of the assets were Brad Sinclair, Scott Foster and Tom Huegel. About Hotel AG Headquarte... Read More

published: 07-25-2011

Hotel AG Brokers Sale of an East South Central Region Limited-Service Hotel


ATLANTA – August 1, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed an 122-room Red Roof Inn in the East South Central Region on behalf of R-Roof VI, LLC. The property sold to NNP Cool Springs, LLC for an undisclosed amount. "On this transaction we were able to work with a locally-based hotel ownership group that was able to secure financing with a local lender through the SBA program," stated Victor Kalyanji, vice president and partner of the firm. The property is a three-story inter... Read More

published: 08-01-2011

Hotel AG Brokers Sale of a West North Central Region Hampton Inn & Suites


ATLANTA – August 8, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a 103-room Hampton Inn & Suites located in the West North Central Region. The hotel was sold to Apple REIT Ten on behalf of Hawkeye Hotels for an undisclosed amount. "This is the last transaction in a portfolio of hotels sold between Hawkeye Hotels and Apple REIT Companies,'' said Brad Sinclair, a vice president and partner for Hotel AG. "The buyer plans to do the necessary renovations and... Read More

published: 08-08-2011

Hotel AG Brokers Sale of Full-Service Hotel in the East South Central Region


ATLANTA – September 26, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today they closed a 200-room full-service hotel in the East South Central Region on behalf of US Bank. Details of the sale are confidential. About Hotel AG Headquartered in Atlanta, Georgia with 19 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and ... Read More

published: 09-26-2011

Hotel AG Brokers Sale of Two Hilton Garden Inns


ATLANTA – October 17, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of two well-performing Hilton Garden Inn hotels located in the East North Central Region, consisting of 110 rooms and 124 rooms, respectively. The hotels were purchased by Apple REIT Ten for an undisclosed amount. "This portfolio consists of two stabilized assets with minimal change of ownership capital expected,'' said Brad Sinclair, a vice president and partner for Hotel AG. "The NOI for both hotel... Read More

published: 10-17-2011

Hotel AG Closes 11 Hotel Transactions in the Past Eight Weeks


ATLANTA – January 10, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed 11 separate hotel transactions over the past eight weeks. The hotels included upscale, select service, mid market select service, full service and foreclosed assets located along the eastern seaboard, South Central and the Southeast US. The 11 transactions consist of three well-located Hilton select service hotels that sold to two separate REITs, two independent hotels, three bank foreclosures for Wells Fargo, two f... Read More

published: 01-10-2011

Hotel AG Brokers Sale of 194-Room Mount Moriah Plaza Hotel


ATLANTA – January 17, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the 194-room Mount Moriah Plaza Hotel located in the East South Central Region on behalf of US Bank. The property sold to Duttkruppa, LLC for an undisclosed amount. "This transaction was an all cash deal and closed in 10 days from execution of the contract. The buyer plans a brand conversion and renovation of the asset enabling the property to better compete within its competitive set,'' said Michael Bernath,... Read More

published: 01-17-2011

Hotel AG Closes 12 Hotel Transactions in the Past Nine Weeks


ATLANTA – January 20, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that with the closing last week of the 110-room Makai Hotel in Ormond Beach, Florida, the firm has now closed a total of 12 separate hotel transactions within the past nine weeks. The hotels included upscale, select service, mid market select service, full service and foreclosed assets located along the eastern seaboard, South Central, Midwest and the Southeast US. The 12 transactions consist of three well-located Hilton select service ... Read More

published: 01-20-2011

Hotel AG Brokers Sale of Savannah Airport Wingate Inn


ATLANTA – January 31, 2011– Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Wingate Inn in Savannah, Georgia on behalf of Keshav Krupa I, LLC. The 81-room hotel sold to Lakeview Hospitality, LLC for $3,030,000. "This transaction was successful due to the buyer’s history and strong relationship with a local bank that was familiar with the asset,'' stated Scott Foster, vice president of Hotel AG. The Wingate Inn is a four-story interior corridor hotel situated on leased land at t... Read More

published: 01-31-2011

Hotel AG Brokers Sale of 110-Room Ormond Beach, Florida Hotel


ATLANTA – February 7, 2011– Hotel Assets Group, LLC (Hotel AG), announced today they closed the 110-room Makai Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Lonaga Florida, LLC for an undisclosed amount. "This was a smooth transaction in that the buyer waived due diligence and didn’t need to finance resulting in a quick close, stated Wendy Blissett, vice president and partner of the firm. "This is the fourth transaction we have successfully completed for Wells Fargo.'' The... Read More

published: 02-07-2011

Hotel AG Brokers Sale of Hilton Garden Inn West Palm Beach Airport


ATLANTA – February 14, 2011– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hilton Garden Inn located in West Palm Beach, Florida on behalf of Worthington Hospitality, LLLP. The property sold to RLJ Real Estate Fund III Acquisitions, LLC for an undisclosed amount. "This was a very targeted transaction between buyer and seller that involved unique assets that were an ideal fit for the buyer’s portfolio,'' Tom Huegel, vice president and partner of Hotel AG stated.... Read More

published: 02-14-2011

Hotel AG Brokers Sale of Ormond Beach Aqua Terrace Hotel


ATLANTA – February 21, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the 33-room Aqua Terrace Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Ormond Innkeepers LLC for an undisclosed amount. "Both parties worked diligently to facilitate a quick closing,'' stated Wendy Blissett, vice president and partner of the firm. "This was the fifth transaction we completed on behalf of Wells Fargo.'' The Aqua Terrace Hotel is an independent hotel situated directly o... Read More

published: 02-21-2011

Hotel AG Closes One Hotel Every Nine Days for Past Five Months


ATLANTA – April 11, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that within the past five months the firm has closed one hotel transaction every nine days. The hotels included full service, mid market select service, and foreclosed assets located in the Midwest and Southeast US. The transactions consisted of Hilton, InterContinental, Starwood and Choice brands as well as independent beach front assets. The hotels were sold on behalf of Wells Fargo, US Bank, Midland Loan Services and LNR, among others.... Read More

published: 04-11-2011

Hotel AG Brokers Sale of a East North Central Holiday Inn Express


ATLANTA – April 11, 2011– Hotel Assets Group, LLC (Hotel AG), announced today they closed a 98-room Holiday Inn Express in the East North Central Region on behalf of LNR Partners, Inc. The property sold to Lodgco Management for an undisclosed amount. "The buyer is a local operator who was very familiar with the hotel and the market which resulted in a seamless closing,'' stated Scott Foster, vice president of the firm. The buyer owns and is developing other hotels in the market and plans to complete the req... Read More

published: 04-11-2011

Hotel AG Brokers Sale of the Driftwood Hotel in Ormond Beach


Wendy Blissett ATLANTA – April 24, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the Driftwood Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Shiv Bhola LLC for an undisclosed amount. "This was another successful closing for Wells Fargo representing the sixth transaction we have completed for them,'' stated Wendy Blissett, vice president and partner of the firm. "The buyer was a local operator who plans to keep the property an independent.'' The Driftwood Ho... Read More

published: 04-24-2011

Hotel AG Welcomes Chris Stark as Newest Team Member


ATLANTA – December 20, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that Chris Stark, formerly Director of Development for Vantage Hospitality, has joined Hotel AG as Vice President. "We are thrilled to have someone the caliber of Chris join the Hotel AG team. Chris comes to us with a vast hospitality background and strong contacts in the Northwest region, remarked Keith Thompson, principal of Hotel AG. "Chris will be a valuable industry leader and joins Hotel AG with great promise.'' Chris St... Read More

published: 12-20-2010

Hotel AG Brokers Sale of Econo Lodge, Avon Park, Florida


ATLANTA – December 20, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Econo Lodge in Avon Park, Florida on behalf of US Bank Special Assets Group. The 57-room hotel sold to Guru Krupa, LLC for an undisclosed amount. "This sale further represents the hotel real estate market beginning to stabilize and new acquisition loans being made. The transaction was closed with a new SBA loan that closed in a timely manner, stated Keith Thompson, principal of Hotel AG. "Our firm has s... Read More

published: 12-20-2010

Hotel AG Closes Eight Hotel Transactions in Month of November


ATLANTA – December 6, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed eight separate hotel transactions in the month of November. The transactions included upscale, select service and foreclosed assets located in South Central and Southeast US. The eight closings consist of three well-located Hilton select service hotels that sold to two separate REITs, one independent hotel, three bank foreclosures for Wells Fargo and one economy branded hotel for US Bank. Several of the firm’s ag... Read More

published: 12-06-2010