Hotel AG Closes 5 Hotel Transactions in August
ATLANTA – September 3, 2013 – Hotel AG announced today the firm closed 5 hotel transactions in the month of August. The hotels sold consisted of 1 Hilton, 1 Marriott, 2 Choice brands and 1 bank-owned independent property. All 5 assets were select service hotels located from the Northeast to the Mid West.
Brad Sinclair, a senior partner with Hotel AG, commented, “The market today is very transaction friendly and buyers are still able to realize accretive value.” Andy Broad, also a senior partner with the firm, further commented, “With the recent movement in the public debt markets, the buying community seems to have accelerated in the desire to close transactions this year.”
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 36 months. Today, Hotel AG has around 182 hotels on the market with a market cap value of $1.6 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 19 partners and can be found online at www.hotelassetsgroup.com.published: 09-03-2013