Hotel AG Closes San Francisco Airport Hotel
ATLANTA – April 20, 2015 – Hotel Assets Group, LLC (Hotel AG) is pleased to announce that it has arranged the sale of the Hampton Inn & Suites in Burlingame, California at the San Francisco Airport. Eric Gunderson, a partner in the firm’s Los Angeles office, exclusively represented the Seller, Saturn Investment Group, LLC.
The Hampton Inn & Suites is located less than two miles from the main terminal of the San Francisco International Airport (SFO) and only 14 miles from downtown San Francisco. SFO had a record of 47 million passenger boardings in 2014, marking eight consecutive years of passenger growth.
Eric Gunderson remarked, "The hotel has performed tremendously well and should continue to do so given the premium brand, exceptional location and high barrier market. At SFO, there are deep demand generators and a highly constrained supply of hotels from SFO to San Francisco."
About Hotel AG
Hotel AG is a national hotel brokerage firm with primary offices in Atlanta, New York, Chicago and Los Angeles. The firm has been involved in 1 hotel transaction every 3 days for the past 2 years and today, Hotel AG has 210 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: 04-20-2015