Hotel AG Closes 3 Transactions For The Second Week In A Row
ATLANTA – July 2, 2012 – Hotel AG announced today that the firm closed 3 hotel transactions last week. The transactions consisted of 2 hotels in the West including 1 Courtyard by Marriott and 1 independent hotel, and 1 hotel located in the Southeast. The clients represented were LNR, a regional bank and an individual owner. Hotel AG brokers involved in the transactions included Bill Bowen, Chris Stark and Michael Bernath.
Including these recent closings, Hotel AG has now closed 34 transactions in 2012 and has 37 more closings scheduled over the next 4 weeks. The firm was also awarded engagements on 2 portfolios last week bringing the total number of hotels on the market to more than 230.
"This transaction environment is driven mostly by portfolio sales and these transactions represent the new bench marks in valuation methodology,'' said Keith Thompson, principal of Hotel AG.
Today, Hotel AG has 15 brokers across the US focusing on portfolio sales, CMBS and whole loan bank representation, and individual clients. The majority of the firm’s assets are Hilton, Marriott, IHG and Starwood branded hotels.
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