Hotel AG Closes 1 Hotel Every 5 Days
ATLANTA – April 21, 2014 – Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the last 3 1/2 years. The firm has closed 33 hotel transactions over the past 23 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the Midwest through the Northeast and along eastern seaboard states with several in Florida.
H. Keith Thompson, principle of the firm, commented, “We continue to see great traction in the hotel real estate space across all segments, brand families, geographic regions and seller profiles. We remain very cautious on the length and extent of this market cycle given the looming hotel debt maturities that are scheduled over the next 18 months.”
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has been involved in 1 hotel transaction every 5 days for the past 3.5 years and has sold or advised on 125 hotel transactions during 2013 and 33 over the past 23 weeks. Today, Hotel AG has around 169 hotels on the market with a market cap value of $2.2 billion. The firm specializes in select service and full service hotels within the US and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The firm has 15 national brokers and 20 partners and can be found online at www.hotelassetsgroup.com.published: 04-22-2014