Hotel AG Announces Recent Closings
ATLANTA – December 27, 2016 – Hotel AG announced today that in December the firm closed 5 hotel transactions located mostly in the central US. The sales included a Residence Inn, Hilton Garden Inn, Courtyard by Marriott, Holiday Inn and a Hawthorn Suites in Texas.
Chris Stark, a partner with the firm, remarked, “The volatility in the hotel transaction markets seem to have stabilized post-election. These recent sales represent a sharp back to retail pricing. We as a firm are encouraged that this cycle is showing signs of lengthening as the health of the market improves.”
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 189 hotels on the market totaling $2.9 billion in market value with $600 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 18 national brokers and 23 partners and can be found online at www.hotelassetsgroup.com.published: 12-28-2016