Hotel AG Sells a West South Central Region Hilton Garden Inn
Atlanta, GA August 30, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a Hilton Garden Inn located in the West South Central Region. The 134-room Hilton Garden Inn West Monroe was sold to Apple REIT Nine on behalf of Jackie’s International for an undisclosed amount. "The acquisition of this property provided the buyer an opportunity to own a top performing hotel in the market,'' said Brad Sinclair, a vice president for Hotel AG. The five-story Hilton Garden Inn was built in 2007 and is located off Interstate 20. The Buyer plans to perform minor renovations and continue operating the hotel as a Hilton Garden Inn.
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: 08-30-2010