Hospitality Group

Hotel AG Announces The Firm Has Closed 68 Hotel Transactions in 2012

ATLANTA – October 22, 2012 – Hotel AG announced today the firm has closed 68 full service and select service hotels so far in 2012 including 18 Hilton, 10 Marriott, 12 IHG, 10 Wyndham, 7 Choice and 11 independent branded assets. Hotel brands represented are as follows: Hilton Garden Inn – 5 Courtyard By Marriott – 5 Residence Inns  - 2 Hampton Inn & Suites – 7 Hampton Inn - 5 Holiday Inn Express – 10 Fairfield Inn & Suites – 2 Doubletree Hotel – 1 Holiday Inn – 2 Springhill Suites – 1 Red Roof Inn – 3 Days Inn – 4 Ramada Inn – 4 Comfort Inn – 2 Quality Suites – 1 Super 8 – 2 Sleep Inn – 1 Best Western – 1 Clarion Hotel – 1 Comfort Suites – 2 Country Inn – 1 Motel 6 – 1 Independent Hotels – 5

"The firm’s closing performance this year has out-paced our expectations and represents that we are, in fact, in a very vibrant hotel real estate market,'' stated H. Keith Thompson, principal of the firm.  "Many of these 2012 closings were purchased by public companies. In all real estate segments, the financial health of the pubic sector sets the pace for the private market and we are seeing transactions across all segments, all locations and all hotel brand families.'' Today, Hotel AG has 262 hotels on the market totaling $2.4 billion in asset value.  The firm has closed 1 hotel every 7 days for the past 25 months. About Hotel AG Hotel AG is specialized hospitality brokerage firm offering hotel specific real estate within the United States.  Headquartered in Atlanta, Georgia, the company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Hotel AG can be found online at www.hotelassetsgroup.com

published: 10-22-2012

Leave a Comment

Fields with * are required.

If you see this, leave this form field blank and invest in CSS support.