ATLANTA - June 23, 2015 - Hotel AG announced today the firm has closed 12 hotel transactions to date in the month of June. The transactions included a Staybridge Suites in Louisville, KY; Hilton Garden Inn located in New Orleans LA; Hampton Inn & Suites located in New Smyrna Beach, FL; Country Inn located in the Midwest; Hampton Inn & Suites in the Midwest and 7 Holiday Inn Express hotels located throughout the central U.S. Hotel AG partners involved in the transactions were Brad Sinclair, Chris Stark, Tom Huegel and Michael Bernath.
Keith Thompson, principal of Hotel AG, stated, "these recent closings that Brad, Chris, Tom and Michael handled were good examples of what is trading today. All these hotels were newer assets with existing cash flow and all were acquired for accretive value and yield returns."
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 4 days for the past 2 years and today, Hotel AG has 203 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 U.S. 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.