Hotel AG Brokers Sale of Metro Atlanta Suburban Extended Stay
ATLANTA – July 11, 2011
– Hotel Assets Group, LLC (Hotel AG), announced today they closed the 135-room Suburban Extended Stay Hotel in Woodstock, Georgia on behalf of Berkadia Commercial Mortgage. The property sold to D/H Loan Investments Inc. for an undisclosed amount.
"We are pleased to have represented a long term institutional client on this asset and also have the opportunity to work with a local buyer who was very knowledgeable of the asset and the market,'' stated Wendy Blissett, vice president and partner of the firm.
The three-story exterior corridor hotel is located approximately 30 miles north of Atlanta. The buyer plans to renovate the property and keep the Suburban flag.
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: 07-11-2011