Hotel AG Brokers Sale of a East North Central Holiday Inn Express
ATLANTA – April 11, 2011– Hotel Assets Group, LLC (Hotel AG), announced today they closed a 98-room Holiday Inn Express in the East North Central Region on behalf of LNR Partners, Inc. The property sold to Lodgco Management for an undisclosed amount. "The buyer is a local operator who was very familiar with the hotel and the market which resulted in a seamless closing,'' stated Scott Foster, vice president of the firm. The buyer owns and is developing other hotels in the market and plans to complete the required renovations to keep the current flag.
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 134 hotels on the market in 35 states valued at 1 billion.published: 04-11-2011