Hotel Assets Group Involved in 127 Hotel Transactions Over Last 12 Months
ATLANTA - July 22, 2013 - Hotel AG announced today the firm has been involved in 127 hotel transactions over the past 12 months. In the past 6 weeks, the firm has closed 10 transactions that range from select service hotels including Hilton Garden Inn and Courtyard brands to full service assets. The hotels are located throughout the major US regions and cover most brand families. Currently, Hotel AG has 196 hotels on the market with 41 hotels under sale agreement expected to close within the next several months.
H. Keith Thompson, principal of the firm, stated, "The hotel real estate market today is at a fevered pitch and we are seeing great acquisitions with accretive value. In my career I have not seen a market that is both equally a seller's and buyer's market at the same time. The latest interest rate spike seems to have validated to the buyers and sellers that now is the time to transact and the window for doing so is literally now. We at Hotel AG are very focused and intense as this market cycle unfolds."
The 127 transactions represented are as follows:
About Hotel AG
Hotel AG is a national hotel brokerage firm that has been involved in 1 hotel transaction every 5 days for the past 36 months. The firm has sold or advised on 127 hotel transactions in the past 12 months. Today, Hotel AG has around 196 hotels on the market with a market cap value of $1.6 billion. The firm specializes in select service and full service hotels within the US and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The firm has 15 national brokers and 19 partners and can be found online at www.hotelassetsgroup.com.
Contact: Wendy Blissett, CCIM
[email protected] / 678-596-9669published: 07-22-2013