Hotel AG Closes 3 Hotel Transactions Last Week - Totaling 31 For The Year
ATLANTA – June 25, 2012 – Hotel AG announced today that with the closing of 3 hotels last week, the firm has closed a total of 31 hotel transactions in 2012. The firm is also scheduled to close an additional 41 transactions before August 1st
. "Hilton and Marriott brands make up the majority of the completed transactions as well as the closings over the next 5 weeks,'' said Keith Thompson, principal of Hotel AG. "As part of these closings, we are also very excited about closing our first portfolio of new generation Holiday Inn Express branded hotels.''
Today, Hotel AG has 230 hotels on the market totaling $1.8 billion in market value with 59 hotels currently under sale agreement. The firm has been engaged on 68 new assignments in the past month and has closed 1 hotel transaction every 8 days for the last 19 months.
About Hotel AG
Hotel AG is a specialized brokerage firm offering hotel specific real estate within the United States. Headquartered in Atlanta, Georgia, the company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Hotel AG can be found online at www.hotelassetsgroup.com