Hotel AG Continues Closing Pace
ATLANTA – March 5, 2015 – Hotel Assets Group, LLC (Hotel AG), announced today the firm continues to see a rapid pace of closings. The firm has sold or advised on 195 separate hotel transactions for the last trailing 24 months.
A few of the recent closings in 2015 included a full-service resort hotel in Oregon, a full-service hotel in historic downtown Savannah that sold for $220,000 a room, a Hyatt Place and Courtyard by Marriott located in the Upper Midwest, and a high-rise full-service beach front hotel located in Daytona Beach. The firm is 250% ahead in closings compared to the same period last year.
Currently, the firm has 29 separate transactions under agreement with closings scheduled within the nextseveral months. Additionally, 3 portfolios were brought to market over the past few weeks.
“The pace of the transaction market today continues to demonstrate the strength and the fundamentals of accretive yield return hospitality real estate," commented H. Keith Thompson, principal of Hotel AG. “We expect 2015 transactions will continue to outpace those of 2014 in both the number of transactions as well as the real estate value represented. New supply and CMBS debt coming to term continue to concern us as to the longevity of this marker cycle. Clearly, we are watching the primary and secondary debt markets very closely.”
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 209 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.