Hotel AG Engaged to Sell Five Hotel Portfolios
Atlanta, GA September 6, 2010
– Hotel Assets Group, LLC (Hotel AG), announced today that the firm has recently been engaged to sell five hotel portfolios located in various regions throughout the U.S. The portfolios range in size from four to 30 hotels with values from $60 to $325 million. The portfolios are located in the North Central, Southeast and Midwest markets.
"Some of the portfolios are bank-owned assets like the seven-property, east coast, ocean front listing the firm has been engaged to sell on behalf of a CMBS Servicer,'' remarked Keith Thompson, principal of Hotel AG. "We have a notable track record of success that will allow us to accomplish our goal of selling these portfolios for our clients.''
The five portfolios are expected to go to market this month.
About Hotel AG
Headquartered in Atlanta, Georgia with 16 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Today Hotel AG has 139 hotels on the market in 34 states valued at 1.2 billion. published: 09-06-2010