Hotel Assets Group Sees Strong YTD 2013 Closings
ATLANTA – May 16, 2013 – Hotel AG announced today the firm continues its closing pace of 1 hotel transaction every 7 days. With the recent closings, the firm continues to see strong transaction volume in the hotel real estate sector. The transactions this year represent almost all hotel segments including full service and select service assets. The hotels have been located in almost every US real estate region and cover most national brands with a heavy emphasis on Hilton/Marriott and IHG branded assets. Sellers represented range from public companies, REITs, CMBS servicers, balance sheet lenders and private ownership.
“I believe in 20 years when we look back at the highest yield periods in hotel real estate, we will look at 2013 as one of the all time high water marks,” commented Michael Bernath, one of Hotel AG’s senior partners. “Hotel transactions today are being consummated and debt is at an all time low with leveraged and unleveraged yields being the best in many real estate cycles. New development hotels while still low today are certainly increasing due to the economic vibrancy in the hotel sector.”
About Hotel AG
Hotel AG is a national hotel brokerage firm that has closed 1 hotel transaction every 7 days for the past 31 months. Today, the firm has around 210 hotels on the market with a market cap value of $2.3 billion and a large percentage of the 210 engagements under sale agreement. 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 15 national brokers and 19 partners and can be found online at www.hotelassetsgroup.com.published: 05-05-2013