Hotel AG Brokers Sale of Huntsville Radisson Airport
ATLANTA – May 13, 2013 – Hotel AG announced today the firm brokered the sale of the 132-room Radisson Hotel located in Huntsville, Alabama. The two-story, interior corridor property was sold on behalf of a local-based hospitality company to a California-based owner/operator.
Tom Huegel, a senior partner with Hotel AG, remarked, “The sale of the Radisson Huntsville Airport completed a two-property portfolio sale that also included the Country Inn & Suites Huntsville earlier this year and was a win-win for both seller and buyer. The sale allowed the seller to re-position out of two older hotels in their portfolio and allowed them to deploy their capital in several new development projects in markets outside of Huntsville, while the Buyer picked up two strong, recently renovated Carlson-branded properties that will allow them to get a strong foothold in the Huntsville market.”
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has closed 1 hotel transaction every 7 days for the past 30 months and 76 hotels within the last 12 months. Today the firm has about 280 hotels on the market with a large percentage of the 280 under sale agreement. The firm specializes in select service and full service hotels within the US and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The firm has 15 national brokers and 19 partners and can be found online at www.hotelassetsgroup.com.published: 05-03-2013