Hotel AG Announces Recent Closings
ATLANTA – August 24, 2016 – Hotel AG announced today the firm has closed 16 hotel transactions since its last press release. The transactions were located across 11 states and five regions of the US including West Coast, South Central, North Central, Northeast and Southeast. The transactions were comprised of several brands such as Marriott, Hilton, IHG, several other brands and 2 independent hotels located in Pennsylvania and San Francisco. Hotel AG brokers involved in these transactions were Brad Sinclair, Andy Broad, Michael Bernath, Eric Gunderson, Rick George, Niven Patel, Wendy Blissett, Rex Cagle and Thierry Roch.
H. Keith Thompson said; these recent closings represent the broader market today where private money investors seem to be front and center in the hotel transaction space. Hotel AG has deep lender and Special Servicer relationships and if the recent up tic in defaults are any indication, the debt markets could be a moving target over the coming months. The good news is that liquidly and property level performance is strong which demonstrates the solid fundamentals of today’s lodging market.
About Hotel AG
Hotel AG is a national hotel brokerage firm with primary offices in Atlanta, New York, Chicago and Los Angeles. The firm has been involved in 1 hotel transaction every 5 days since January 2013. Today the firm has 176 hotels on the market totaling 2.4 billion in market value with 700 million 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 17 national brokers and 23 partners and can be found online at www.hotelassetsgroup.com.