Hotel AG Brokers Sale of Hilton Garden Inn West Palm Beach Airport
ATLANTA – February 14, 2011
– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hilton Garden Inn located in West Palm Beach, Florida on behalf of Worthington Hospitality, LLLP. The property sold to RLJ Real Estate Fund III Acquisitions, LLC for an undisclosed amount.
"This was a very targeted transaction between buyer and seller that involved unique assets that were an ideal fit for the buyer’s portfolio,'' Tom Huegel, vice president and partner of Hotel AG stated.
Located at the Palm Beach International Airport in West Palm Beach, Florida, the 100-room Hilton Garden Inn is one of the newest hotels in the market and one of the finest Hilton select-service properties in the Southeast Region.
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 33 states valued at 1.1 billion. published: 02-14-2011