Hospitality Group

Hotel AG Brokers Sale of Ormond Beach Aqua Terrace Hotel

ATLANTA – February 21, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the 33-room Aqua Terrace Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Ormond Innkeepers LLC for an undisclosed amount. "Both parties worked diligently to facilitate a quick closing,'' stated Wendy Blissett, vice president and partner of the firm. "This was the fifth transaction we completed on behalf of Wells Fargo.'' The Aqua Terrace Hotel is an independent hotel situated directly on the beach in Ormond Beach, Florida.

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: 02-21-2011

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