Hotel AG Closes 76 Hotels in Last 11 Months
ATLANTA - October 6, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 76 hotel real estate transactions in the last 11 months. The transactions included 14 Hilton branded, 15 Marriott branded, 11 full service, and 65 select service hotels. The assets were located across all regions in the US. Many of the hotels were in top MSA markets and covered most brand families. The buyers consisted mostly of REITs and large institutional investment firms, and the clients represented were across all ownership types.
Hotel AG currently has 204 active hotel engagements totaling $2.7 billion in real estate value on the market with 69 of the hotels being Hilton, Marriott or Hyatt brand affiliated. Of the hotels on the market, 21 are full service with the balance being select service assets. Most of the 69 Hilton, Marriott and Hyatt branded assets are included within 11 portfolios.
"We believe the back half of 2014 and the first half of 2015 will prove to be the greatest asset sale period of this cycle," remarked H. Keith Thompson, principal of the firm. "At Hotel AG we continue to have market concerns regarding the secondary debt market which we feel is the main economic driver to this cycle."
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia with offices around the country. The firm has been involved in 1 hotel transaction every 5 days for the past 3 years. Today, Hotel AG has 204 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 21 partners and can be found online at www.hotelassetsgroup.com.published: 10-06-2014