Hotel AG and Hodges Ward Elliott Advise Apple REIT 6 on Sale of 66-Property Portfolio
ATLANTA – May 28, 2013 – Hodges Ward Elliott and Hotel AG announced today that the two firms advised Apple REIT 6 on the sale of a 66-property portfolio. The portfolio closed May 14th and consisted of 66 Hilton and Marriott select service and full service hotels. Brokers representing the two firms include Bill Hodges and Mark Elliott of Hodges Ward Elliott, and H. Keith Thompson and Brad Sinclair of Hotel AG.
The brands included in the Apple REIT 6 portfolio consisted of 2 full service Marriott hotels, 14 Hilton Garden Inn, 10 Courtyard by Marriott, 10 Residence Inn, 7 Springhill Suites, 6 Homewood Suites, 5 Fairfield Inn, 5 TownePlace Suites, 4 Hampton Inn and 3 Hampton Inn & Suites. The 66 hotels were located across major US regions.
About Hodges Ward Elliott
Hodges Ward Elliott (HWE) is the leading hotel brokerage firm in the US today according to Real Estate Alert. The firm has structured the sale of over 1,500 hotels and nearly 300,000 rooms totaling $33 billion in hospitality transactions; $12 billion of which was completed over the past 36 months. HWE focuses on investment sales and hotel brokerage, investment banking and private equity, debt placement and structured finance advisory, strategic investment planning advisory and special services advisory. The firm is headquartered in Atlanta, Georgia and can be found online at www.hwehotels.com.
About Hotel AG
Hotel AG is a national hotel brokerage firm that has been involved in 1 hotel transaction every 5 days for the past 36 months. The firm has sold or advised on 136 hotel transactions in the past 12 months. Today, Hotel AG has around 210 hotels on the market with a market cap value of $2.3 billion with a large percentage of the 210 engagements 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: 05-11-2013