Hotel AG Closes A 4-Property Northeast Portfolio
ATLANTA – November 25, 2013 – Hotel AG announced today the firm closed a 4-property Pennsylvania Hilton and Marriott portfolio last week. Hotel AG senior partners involved in the transaction included Andy Broad and Chris Stark.
Andy Broad, commented, “This recent sale was the perfect example of the market place we have today in hotel real estate. The seller was a private owner and the buyer was a public REIT, and the transaction met the yield needs of both parties.”
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 116 hotel transactions YTD 2013. The firm has 19 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.