Hotel AG Represents Windsor Hotels, LLC in the Sale of the Holiday Inn Express i
Atlanta, GA July 1, 2010
– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Holiday Inn Express located in Johns Creek, Georgia on behalf of Windsor Hotels, LLC. The 80-room property sold to Premier Hospitality Investments, Inc. for an undisclosed amount.
Victor Kalyanji, vice president of Hotel AG stated, "This was an opportunity for the investor to purchase an interior corridor asset with desirable brand affiliation significantly below replacement cost.''
The Holiday Inn Express is the newest hotel to enter the market located in the heart of the Johns Creek Technology Park. Johns Creek is part of the Atlanta Metropolitan area and has the fifth largest concentration of Fortune 500 companies in the Metro area. The new owner plans to upgrade the guest rooms and lobby area within the next six months.
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia with 16 offices throughout the U.S. The company specializes in the sale of hotel real estate throughout the continental 48 states. Today, Hotel AG has 113 hotel engagements totaling $1.1 billion throughout the U.S. with 34 of the 113 under agreement. The company has closed 35 percent more transactions in 2010 than the 2009 calendar year. published: 07-01-2010