Hotel AG Announces Recent Closings
ATLANTA – November 3, 2016 – Hotel AG announced today that in the last several weeks the firm closed the following hotel transactions. A new Home 2 Suites in Nashville TN, Holiday Inn Express in the Washington DC metro area, a select service hotel west of Huntsville AL, a Carlson hotel in Georgia and a full service hotel in Pennsylvania. The brokers involved in these transactions were Chris Stark, Victor Kalyanji, Wendy Blissett and Brad Sinclair.
Today Hotel AG has 42 hotels totaling 600m in value in various stages of contract with many closings scheduled over the next 7 weeks. Chris Stark said: the bid/ask gap seems to have closed as both sellers and buyers recognize the opportunity today’s market offers both on the sell side and buy side. Brad Sinclair said: The transaction market today requires a broker’s patience, wisdom, experience and persistence. The days of a closing just happening without these inherent elements has passed.
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 171 hotels on the market totaling $2.4 billion in market value. 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: 12-27-2016