Hotel AG Has 16 Hotel Portfolios on the Market Today
ATLANTA – May 6, 2013 – Hotel AG announced today the firm currently has 16 hotel portfolios on the market. The portfolios are sized from a few hotels to the majority ranging from 5 to 15 hotels. The brands represented include mostly Hilton, Marriott and IHG hotels ranging from $80 million to $150 million, with the largest portfolio just over $600 million. The markets covered within the portfolios are international gateway cities to 2nd tier markets and between. The price per room ranges to a high of $600k per key with some of the smaller portfolios being under a $100k per key.
Brad Sinclair, a senior partner with Hotel AG, commented, “We see today’s market being the acquisition opportunity for portfolios. The yield returns are strong, debt is inexpensive, and the momentum of the market almost mirrors that of late 2006 and early 2007.”
About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has closed 1 hotel transaction every 7 days for the past 30 months and 76 hotels within the last 12 months. Today the firm has about 280 hotels on the market with a large percentage of the 280 under sale agreement. 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.published: 05-01-2013