Hotel AG Closes 6 Hotel Transactions in Last 18 Days
ATLANTA – November 18, 2013 – Hotel AG announced today the firm closed 6 hotel transactions over the past 18 days. The hotels sold consist of a Austin, Texas Hampton Inn & Suites located at the Austin International Airport; a 2-property Hilton portfolio including a Hilton Garden Inn and a Hampton Inn & Suites; a hotel for Wells Fargo located in northern Florida; a hotel in a New England state for a CMBS special servicer; and an independent hotel for Ameris Bank located in the Southeast. Hotel AG partners involved in the transactions were Wendy Blissett, Michael Bernath, Andy Broad, Scott Foster, Tom Huegel, Bill Bowen and Rex Cagle.
In addition to the recent transactions, the firm is scheduled to close 2 portfolios over the next 14 days that consist of a Hilton/Marriott branded portfolio and another nationally branded portfolio, both of which are located in the Northeast US.
Brad Sinclair, partner of the firm, commented, “These 6 recent sales were transacted with CMBS servicers, banks and private investment groups and continue to show the pace of this current hotel real estate market cycle.”
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 years and has sold or advised on 112 hotel transactions YTD 2013. The firm has 22 additional transactions in the closing cue between now and the end of 2013. Today, Hotel AG has around 198 hotels on the market with a market cap value of $2.3 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.