Hotel AG Brokers Sale of a 163-Room Irish Inn in the West South Central Region
Atlanta, GA November 22, 2010 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a 163-room Irish Inn in in the West South Central Region on behalf of a local private family trust. The property sold to Uppen Patel for an undisclosed amount. "This was a case where the buyer and seller worked together to get the deal done through seller financing,'' Alex White, vice president of Hotel AG stated. "We are witnessing more transactions where seller financing is available due to the extreme difficulties of traditional financing.'' The Property is a two-story, exterior corridor independent hotel.
About Hotel AG
Headquartered in Atlanta, Georgia with 16 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Today Hotel AG has 147 hotels on the market in 33 states valued at 1.2 billion.published: 11-22-2010