Hotel AG Continues Pace of Closings
ATLANTA – April 20, 2015 – Hotel Assets Group, LLC (Hotel AG) is pleased to announce several of the firm’s recent closings were the Hampton Inn & Suites at the San Francisco Airport, The Hampton Inn & Suites in Frazer/Great Valley, Pennsylvania and a completed auction process on a hotel in Louisiana.
Eric Gunderson, a partner located in the firm’s Los Angeles office, handled the sale in San Francisco, and Michael Bernath, from the firm’s Atlanta office, handled the transactions in Pennsylvania and Louisiana.
The firm has been involved in 191 hotel transactions over the last 24 months with many of the assets being Hilton, Marriott, Hyatt, Starwood or IHG brands. Around 15-20% of the assets were full service hotels with the balance being mid-market and upscale select service hotels. The 191 hotels were located in a mix of urban, CBD, resort and tertiary markets; and the sellers and/or buyers were a mix of public companies, REITS, lenders, investment funds and private hoteliers.
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 fullservice 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