Hotel AG Brokers Sale of Savannah Airport Wingate Inn
ATLANTA – January 31, 2011
– Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Wingate Inn in Savannah, Georgia on behalf of Keshav Krupa I, LLC. The 81-room hotel sold to Lakeview Hospitality, LLC for $3,030,000.
"This transaction was successful due to the buyer’s history and strong relationship with a local bank that was familiar with the asset,'' stated Scott Foster, vice president of Hotel AG.
The Wingate Inn is a four-story interior corridor hotel situated on leased land at the entrance to the Savannah International Airport. The buyer intends to keep the current flag.
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: 01-31-2011