Hotel AG Brokers Sale of the Driftwood Hotel in Ormond Beach
ATLANTA – April 24, 2011
– Hotel Assets Group, LLC (Hotel AG), announced today they closed the Driftwood Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Shiv Bhola LLC for an undisclosed amount.
"This was another successful closing for Wells Fargo representing the sixth transaction we have completed for them,'' stated Wendy Blissett, vice president and partner of the firm. "The buyer was a local operator who plans to keep the property an independent.''
The Driftwood Hotel is situated directly on the beach in Ormond Beach, just north of Daytona.
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: 04-24-2011