Hospitality Group

Hotel AG lists Holiday Inn Express-Detroit, Michigan


The Holiday Inn Express Detroit Downtown is located in the heart of downtown Detroit and within walking distance of the Cobo Convention Center, Joe Louis Arena (Detroit Red Wings) and the MGM Grand Casino. The Detroit People Mover is nearby as is the Greektown Casino, Motor City Casino, Detroit Opera Hose, Fox Theatre, Hard Rock Café, Comerica Park (Detroit Tigers), and Ford Field home of the Detroit Lions. Additionally, the Hotel is only one block from Compuware World Headquarters, next to the Federal Courthouse, DTE ... Read More

published: 09-10-2011

Hotel AG lists AllSuites Hotel-Jackson, TN


The AllSuites Hotel (former Holiday Inn) in Jackson, Tennessee is a 135-room full-service fee simple hotel. The AllSuites Hotel is being offered at $4,300,000 or $31,851 per key. The hotel has a very stable financial history and is currently a good performer, continuing to be one of the top competitive full-service hotels in the area. The Kemmons Wilson family (founders of the Holiday Inn hotel system) built the Jackson, Tennessee hotel in 1989 and opened it as a Wilson World Hotel and Suites. The hotel boasts ‘larg... Read More

published: 12-21-2007

Hotel AG Announces 2011 Year Performance


Keith Thompson ATLANTA – December 19, 2011 - Hotel AG announced today that including several closings scheduled for the last 2 weeks of the year, the firm has closed 1 hotel transaction every 9 days for the 2011 year. The transactions were primarily in 2 categories including: 1) banks and CMBS foreclosures; and 2) the upscale select service portfolio market. Today, the firm has 179 hotels on the market in 39 states with a cap value of 1.4 billion. Of the 179 hotels on the market, 78 hotels are under sale agreem... Read More

published: 12-19-2011

Hotel AG lists Days Inn-Clermont, FL


The Days Inn & Suites is easily accessible from Route 27, Route 19 and the Florida turnpike at exit 285 and is approximately 30 miles from area attractions. Local area attractions such as the Florida Citrus Tower, the Lake Ridge winery, the Mission Inn Resort, Harris Chain of Lakes and Clermont Chain of Lakes are all within a 10 mile radius or less from the Hotel. Additionally, Walt Disney World, Universal Studios and Sea World are only 35-miles from the Property. The Days Inn & Suites is minutes away from the N... Read More

published: 10-10-2011

Hotel AG lists Quality Inn-New Port Richey, FL


The Quality Inn & Suites Conference Center is located near well known attractions such as Cypress Gardens Adventure Park and Tampa’s Lowry Park Zoo and within 30-miles from Clearwater, Florida beaches; Tarpon Springs and Weeki Wachee Springs are near by as well. The Hotel is approximately 27-miles from the St. Petersburg-Clearwater International Airport and approximately 30 miles from the University of South Florida. There are a variety of shops and restaurants within walking distance from the Property; also in cl... Read More

published: 10-20-2011

Hotel AG lists Comfort Inn-Denver, CO


The Comfort Inn Central Denver is adjacent to the Denver Merchandise Mart and is easily accessible to Interstate 25, Interstate 70 and Interstate 76. The hotel is located within seven miles from many popular local attractions such as Elitch Gardens Theme Park, the Downtown Aquarium, Coors Field Baseball Park, the Children’s Museum of Denver, the University of Colorado-Denver, and the Denver Center for the Performing Arts, INVESCO Field at Mile High Stadium and downtown Denver. Additionally, the property is near Larime... Read More

published: 11-12-2011

Hotel AG lists Ramada-St. Augustine, FL


The Ramada Historic Downtown St. Augustine is located on the famous A1A Avenue at San Marco and Old Mission in St. Augustine, Florida. The Hotel is located in the heart of the historic downtown district of St. Augustine and within a mile to a mile-and-a-half of numerous local area attractions such as: Mission of Nombre de Dios, Old town Trolley Tours, Ripley’s Believe It or Not, Castillo de San Marco, The Old jail, The Fountain of Youth, Colonial Spanish Quarter, Lightener Museum and the San Sebastian Winery. Other ne... Read More

published: 10-15-2011

Hotel AG lists Days Inn-High Point, NC


The Days Inn in High Point, NC is a 93-room hotel located at 120 Southwest Cloverleaf Place, High Point NC, 27263. The City of High Point is strategically located within North Carolina’s 12 county Piedmont Triad region, centered between Boston and Miami, Washington and Atlanta, and Raleigh and Charlotte. The Piedmont Triad region is the county’s 37th largest metro area with a population exceeding 1.6 million. Known globally as "North Carolina’s International City,'' and "Home Furnishings Capital of the World,'' Hi... Read More

published: 11-14-2011

Hotel AG Sells 5th Red Roof Inn


ATLANTA – December 12, 2011 - Hotel AG announced today the firm negotiated the sale of the 107-room Red Roof Inn in Round Rock, Texas on behalf of RRI NC I LLC. This transaction represents the 5th Red Roof Inn hotel that Hotel AG has sold within the past five months. The other four transactions included the 122-room Red Roof Inn Brentwood, Tennessee; the 112-room Red Roof Inn Greensboro, North Carolina; the 120-room Red Roof Inn Tampa/Brandon, Florida; and the 131-room Red Roof Inn Chandler/Phoenix, Arizona. ... Read More

published: 12-12-2011

Hotel AG lists Main Gate Inn-Kissimmee, FL


The Main Gate Inn is located one block from Old Town USA, a 25-year old amusement park with an outdoor mall that is home to specialty shops, dining and entertainment. The Hotel is approximately two-and-a-half-miles from the Walt Disney World Resort, as well as other popular area attractions such as the Magic Kingdom Park, Disney’s Hollywood Studios, Disney’s Animal Kingdom, SeaWorld, Universal Orlando, and popular water parks. Additionally, the Orlando International Airport is approximately 20 miles from the Propert... Read More

published: 10-25-2011

Hotel AG lists Victoria Inn-Anniston, AL


The Victoria Inn is a historic country inn and restaurant located in downtown Anniston at 1604 Quintard Avenue. Originally built in 1888, this Victorian-style house was home to three prominent Anniston families before its preservation as a country inn and restaurant in 1985. Three guestroom additions along with retail space were added to the 3.61 acre site in 1986, 1988 and 1996, respectively, adding 60 well-appointed guestrooms to the Inn’s total room count. Property Highlights An 8,151 square foot, three-story Vi... Read More

published: 11-20-2011

Hotel AG lists Super 8-Springfield, Ohio


The Super 8 Springfield is located off of Interstate 70 approximately 20 minutes from Dayton, Ohio and is centrally located near Wittenberg University, Cedarville University and Clark State College. There are many attractions also located nearby such as the architect Frank Lloyd Wright’s - The Westcott House, Wright Patterson Air Force Base and Air Force Museum, the Ohio Caverns, and the Dayton International Airport. Additionally, the Hotel is in close proximity to local golf courses and restaurants that are just minu... Read More

published: 12-12-2011

Hotel AG Brokers Sale of an East North Central Hilton Garden Inn


ATLANTA – September 12, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of an 110-room Hilton Garden Inn located in the East North Central Region. The hotel sold to Apple REIT Ten on behalf of SASI, LLC for an undisclosed amount. "This property opened in February 2010 and very quickly ramped up providing the opportunity for the buyers to capture a strong performing asset with minimal capital expense requirements,'' said Brad Sinclair, a vice president and partner... Read More

published: 09-12-2011

Hotel AG Brokers Sale of an East South Central Portfolio


ATLANTA – September 19, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today they closed two hotels in the East South Central Region on behalf of Sterling Bank, a division of Comerica Bank. The portfolio included an 84-room Econo Lodge and a 62-room Inn Place Suites. The property sold to K&A Host, LLC for an undisclosed amount. "The buyer understood the challenges of the hotels at the local level and plans to undergo extensive renovations to re-brand and reposition the hotels to better compete in the ma... Read More

published: 09-19-2011

Hotel AG Brokers Sale of an East North Central Hilton Garden Inn


ATLANTA – October 3, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of an 124-room Hilton Garden Inn located in the East North Central Region. The hotel sold to Apple REIT Ten on behalf of Ascent Hospitality for an undisclosed amount. "This property allowed the buyers to capture a strong performing asset with minimal capital expense requirements,'' said Brad Sinclair, a vice president and partner for Hotel AG. "Both buyer and seller were pleased with the transaction.'... Read More

published: 10-03-2011

Hotel AG Brokers Sale of the Queensboro Hotel in Long Island City


ATLANTA – October 10, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Queensboro Hotel in Long Island City, New York. The hotel sold to Shri Hari New York, LLC on behalf of LNR Partners for an undisclosed amount. "This transaction represented a well timed market purchase for the buyer and will compliment his current hotel portfolio,'' said Keith Thompson, principal of Hotel AG. "The seller was LNR with whom Hotel AG has enjoyed a long relationship.'' The Qu... Read More

published: 10-10-2011

Hotel AG Brokers Sale of Two Bank-Owned Hotels


ATLANTA – November 7, 2011 - Hotel AG announced today that the firm brokered the sale of two bank-owned hotels. The assets are located in the Southeast region and include a Microtel Inn and an independent hotel. The clients represented were two separate lending institutions. 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, publ... Read More

published: 11-07-2011

Hotel AG Brokers Sale of Red Roof in Tampa-Brandon Area


ATLANTA – November 21, 2011 - Hotel AG announced today that the firm brokered the sale of the Red Roof Inn in Tampa-Brandon, Florida on behalf of RRI NC I LLC. The 120-room property sold to Saihari Inc. for an undisclosed amount. Victor Kalyanji, vice president and partner of the firm, stated, "On this transaction we worked with an out of state buyer who secured SBA financing, stated Victor Kalyanji, vice president and partner of the firm. "The buyer will be planning renovations in stages to re-position the pro... Read More

published: 11-21-2011

Hotel AG Welcomes Andrew Broad as Newest Team Member


ATLANTA – October 10, 2011 – Hotel Assets Group announced today that Andrew Broad, formerly Senior Vice President of Business Development for Alliance Hospitality, has joined Hotel AG as Vice President and will be located in the New York Metropolitan Area. "We are thrilled to have someone with the experience of Andrew join the Hotel AG team. Andrew comes to us with a vast hospitality background and strong contacts in the Northeast region, remarked Keith Thompson, principal of Hotel AG. Andrew is a veteran o... Read More

published: 10-10-2011

Hotel AG Reports 5 Hotel Transactions in the Last Month


ATLANTA – October 31, 2011 - Hotel AG announced today that the firm has closed 5 hotel transactions in the last month. The hotels consisted of one Hilton Garden Inn, one hotel at LaGuardia Airport, two bank REO properties and one limited-service hotel in the Mountain Region. The clients represented were a CMBS lender, two whole loan bank lenders, one global ownership group and a REIT. Keith Thompson, principal of Hotel AG stated, "These transactions represented by this diverse group of sellers further points to th... Read More

published: 10-31-2011