Hospitality Group

Hotel AG Brokers Sale of Holiday Inn Houghton

ATLANTA – January 30, 2012 – Hotel AG announced today that the firm negotiated the sale of a Holiday Inn Express located in the East North Central Region on behalf of LNR. The hotel sold to Houghton Hospitality, LLC for an undisclosed amount. "The buyer was very familiar with the market and the strength of the hotel within the market,'' commented Scott Foster, vice president of the firm. "This made for a great transaction for both the buyer and the seller.'' The Holiday Inn Express is a three-story, interior corridor hotel situated at the intersection of M-26 and Sharon Avenue, just minutes from downtown Houghton. The City of Houghton is located in the East North Central Region. 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. Today, Hotel AG has 181 hotels on the market in 35 states valued at 1.4 billion. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Hotel AG can be found online at www.hotelassetsgroup.com.

published: 01-31-2012

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