Hotel AG Brokers Sale of an East North Central Hilton Garden Inn
ATLANTA – October 3, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of an 124-room Hilton Garden Inn located in the East North Central Region. The hotel sold to Apple REIT Ten on behalf of Ascent Hospitality for an undisclosed amount. "This property allowed the buyers to capture a strong performing asset with minimal capital expense requirements,'' said Brad Sinclair, a vice president and partner for Hotel AG. "Both buyer and seller were pleased with the transaction.'' The buyer plans to continue operations as a Hilton Garden Inn with Schulte Hospitality Group as the management company.
About Hotel AG
Headquartered in Atlanta, Georgia with 19 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 129 hotels on the market in 33 states valued at $1.3 billion.published: 10-03-2011