Hotel AG Closes 5 Hotel Transactions in September
ATLANTA – October 1, 2013 – Hotel AG announced today the firm closed 5 hotel transactions in the month of September. The hotels sold consisted of a large Hampton Inn & Suites in the Northeast, a 12-story Fairfield Inn & Suites located in a top 25 CBD market, a Sleep Inn in Florida, a university-owned boutique asset in the Southeast and a high-end independent hotel located in an affluent beach resort.
Keith Thompson, principal of Hotel AG, commented, “These recent transactions represent a fairly broad ownership base and continue to demonstrate the strength of today’s hotel transaction market.”
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 102 hotel transactions. Today, Hotel AG has about 183 hotels on the market with a market cap value of $1.6 billion including 31 transactions expected to close by year-end 2013. 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: 10-01-2013