Hotel AG Closes 13 Hotel Transactions in November
ATLANTA – December 2, 2013 – Hotel AG announced today the firm closed 13 hotel transactions during the month of November. The hotels sold consist of 5 Hampton Inn & Suites, 1 Hilton Garden Inn, 1 Residence Inn, 1 Staybridge Suite, 3 AmericInn hotels and 2 independent properties. The clients represented were CMBS servicers, balance sheet lenders, REITs, Asian rim investment groups and private companies.
H. Keith Thompson, principal of the firm, commented, “These 13 recent closings were across the board in terms of product type, pricing, buyer profile, seller profile and valuation methodology. This real estate cycle is very diverse and very demanding in terms of client expectations, and this is the most intense transaction period we have experienced. Our book of business is stronger going into 2014 than it was a year ago and our 4th quarter closings this year are 3 times what they were same period last year. We believe the time to sell and buy is literally now.”
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has been involved in 1 hotel transaction every 5 days for the past 3 years and has sold or advised on 116 hotel transactions YTD 2013 with an additional 9 scheduled to close by the end of 2013. Today, Hotel AG has around 187 hotels on the market with a market cap value of $2.3 billion. 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 20 partners and can be found online at www.hotelassetsgroup.com.