Hospitality Group

Hotel AG Brokers Sale of Hampton Inn & Suites, Holly Springs, NC

ATLANTA – December 13, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Hampton Inn & Suites in Holly Springs, North Carolina on behalf of Viking Hospitality Fund. The 124-room hotel sold to Apple REIT Nine for an undisclosed amount.

Brad Sinclair, vice president of the firm stated, "We are pleased to have structured an advantageous transaction for both the buyer and the seller involving a well-branded hotel property in a growing market.''
"This is one of many transactions Hotel AG has closed with Apple REIT and represents our firm's core business,'' remarked Keith Thompson, principal of Hotel AG. "Additionally this is the third hotel Viking Hospitality has developed for sale to Apple REIT.''

The Hampton Inn & Suites is the newest hotel to enter the Holly Springs market. The hotel is located on Ralph Stephens Road off the NC 55 Bypass. The Town of Holly Springs is located 15 miles south of Raleigh and 25 miles south of Durham.

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: 12-13-2010

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