Hotel AG Closes 11 Hotel Transactions in November
ATLANTA – November 26, 2014 – Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 11 hotel real estate transactions in the month of November and additionally, has sold or advised on 188 hotel transactions since January of 2013.
Of the transactions closed, 8 were Hilton, Marriott or Starwood branded assets and 4 were full-service hotels. Geographically, the hotels were located from New York to Florida along the Eastern Seaboard of the US. The buyers consisted mostly of REITs and investment firms and the clients represented were across several ownership types. Furthermore, the firm has closed 5 portfolios within the last 90 days consisting mostly of Hilton, Marriott and Starwood hotels.
“Transaction volume seems to be very focused for the last half of 2014 and the first half of 2015,” commented H. Keith Thompson, principal of Hotel AG. “We believe we are seeing the window that will prove to be the transaction height of this cycle.”
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia with offices in various cities across the country. The firm has been involved in 1 hotel transaction every 5 days for the past 3 years. Today, Hotel AG has 228 hotels on the market with a market cap value of $2.7 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 17 national brokers and 22 partners and can be found online at www.hotelassetsgroup.com.