Hospitality Group

Chris Stark Gives 2013 Hotel Brokerage Industry 2nd Quarter Update


    We asked Chris Stark of Hotel Assets Group to provide a 2013 second quarter update on the firm and the hotel brokerage industry. Chris Stark joined Hotel AG in 2010 as Vice President. Chris has a diverse background in hotel franchise development, finance, and marketing. Chris entered in the hospitality industry as part of the franchise development team for Choice Hotels International. His experiences in franchise development and new construction development for two of the largest hotel companies in the... Read More

published: 05-06-2013

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. Sel... Read More

published: 05-05-2013

Hotel AG's Andy Broad Discusses Debt for Hotel Industry


We asked Andy Broad of Hotel Assets Group to tell us what he is seeing in the debt markets. Andy recently joined Hotel Assets Group as Vice President after serving as SVP of Business Development for Alliance Hospitality, a third party hotel management company that serviced clients such as Inland Hospitality and Diamond Rock. Andrew Broad is a veteran of the hospitality industry with 15 years of proven success in hotel brokerage, third party hotel management, and brand development. Andrew has been the principal hotel b... Read More

published: 05-04-2013

Hotel AG Brokers Sale of Huntsville Radisson Airport


ATLANTA – May 13, 2013 – Hotel AG announced today the firm brokered the sale of the 132-room Radisson Hotel located in Huntsville, Alabama. The two-story, interior corridor property was sold on behalf of a local-based hospitality company to a California-based owner/operator. Tom Huegel, a senior partner with Hotel AG, remarked, “The sale of the Radisson Huntsville Airport completed a two-property portfolio sale that also included the Country Inn & Suites Huntsville earlier this year and was a win-... Read More

published: 05-03-2013

Hotel AG Sees Strong Transaction Pipeline For 2013


ATLANTA – May 8, 2013 – Hotel AG announced today the firm has valued over 100 hotels since the first of January for lenders, CMBS servicers, banks and private hotel companies. The private side is very robust since transacting today allows for sellers to have the return “on” and the return “of” investment capital. Many are taking advantage of this hotel real estate cycle and redeploying capital. The lender side has slowed somewhat but is still very active with products that have debt i... Read More

published: 05-02-2013

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 pe... Read More

published: 05-01-2013

Hotel Assets Group Speaks On Today's Current Real Estate Cycle


ATLANTA – April 24, 2013 – Hotel AG has approximately 300 engagements on the market today with a blend of several specialty groups including select service, full service, CMBS/bank and portfolios. The vast majority of inventory the firm has on the market is upscale select service hotels and portfolios. An increasing percentage of the current offerings are full service assets with a decreasing percentage of CMBS/bank foreclosures. The firm’s almost 300 engagements include 36 full service assets wit... Read More

published: 04-24-2013

Hotel Assets Group Speaks On Current State of Hotel Debt


ATLANTA – April 22, 2013 – Hotel AG is seeing great traction in hotel debt both on the CMBS and whole loan side. Today the hotel debt market almost mirrors that of 2006 with a plethora of options available. Interest rates are at an all-time low, which is driving both the cost of capital and cap rate down. "Our biggest concern,'' stated H. Keith Thompson, principal of Hotel AG, "is there are implications of securitized debt that most hoteliers overlook. For example, in this current market cycle selling a... Read More

published: 04-22-2013

Hotel AG Announces Upcoming Call for Offers Schedule


(Call For Offers) Holiday Inn Raleigh/Crabtree – Raleigh, North Carolina 176 room, full service, 12-story hotel / Easily accessible from I-440 and minutes from Raleigh Durham International Airport, RBC Center, and the State Capitol / Situated on approx. 4.6 acres / Recent improvements / Priced reduced to $4,500,000 / Call for offers scheduled for April 17, 2013. Wendy Blissett – WBlissett@HotelAssetsGroup.com   (Call for Offers) Highlands Inn – Sebring, Florida 150 room, 2-... Read More

published: 04-18-2013

Hotel AG Announces Sale of The Holiday Inn, Jacksonville, Florida


ATLANTA – April 17, 2013 – Hotel AG announced today the firm closed the sale of the full-service Holiday Inn located in Jacksonville, Florida last week. The five-year old property was sold as part of a loss share agreement for a lender.  The hotel was sold on behalf of Kasam Hospitality, Inc. II to PMG Services. Tom Huegel, vice president and partner of the firm, commented, "The transaction was a good investment for the purchaser due to the lower than replacement economics and a very vibrant market.'' ... Read More

published: 04-17-2013

Hotel AG Announces Two Hotels On Auction.com


Hotel Assets group is pleased to announce that the firm has been engaged to sell to hotels in upcoming auctions on Auction.com. The information on the assets is summarized below and if you have any questions about how to Auction.com process works , please do not hesitate to give Michael Bernath a call at 770-692-1605. We have great experience on how both the registration and bidding processes work. (Auction) Hilton Garden Inn – Ft. Myers, Florida Lender owned REO Asset / Property will be part of the April H... Read More

published: 04-16-2013

Hotel Assets Group Announces 24 New Hotel Engagements in the Last Six Weeks


ATLANTA – April 15, 2013 – Hotel AG announced today the firm has been engaged on 24 new hotel real estate offerings ranging from bank/CMBS hotels to upscale, full service assets and portfolios. The 24 hotels cover most brand families and service levels.  The majority of the 24 engagements will be live on the market over the next few weeks. Several of the assets are upper upscale, full service hotels located in the top 25 MSAs, with several of those located in international gateway cities. Keith Thompso... Read More

published: 04-15-2013

Hotel Assets Group Announces it has 36 Full Service Hotels on the Market


ATLANTA – April 10, 2013 – Hotel AG announced today the firm currently has 36 full service hotels on the market. The firm, best known for its select service group specializing in hotel portfolio sales, currently has 36 full service hotels on the market ranging in value from $400k a room and below, with the largest hotel just over 700 rooms. The firm has closed 76 hotel transactions in the past 12 months of which 16 of the 76 were full service hotels. Keith Thompson, principal of the firm, commented, "We see... Read More

published: 04-10-2013

Obtaining Hotel Financing: What To Expect - From Michael Bernath


The process of obtaining financing is something that most Hotel AG clients have to deal with, no matter whether they are buying or selling a hotel. For those seasoned in the hospitality industry, this process is very familiar. For those new to the industry, we wanted to answer some of the main questions pertaining to hotel financing. With specialties in finance, market analysis, and investment, Hotel Assets Group's VP/Partner Michael Bernath answers our questions. What is the typical turnaround time when a hotel d... Read More

published: 04-10-2013

Hotel AG Engaged on 4 Hotel Portfolios Since January


ATLANTA – February 8, 2013 – Hotel AG announced today the firm has been engaged on 4 hotel portfolios since January.  The firm offers several specialty practice groups including Select Service, Full Service, CMBS/ Lender/Bank and Hotel Portfolios. Within the Hotel Portfolio specialty group, Hotel AG has been engaged on 4 portfolios since the beginning of 2013. The portfolios range in value from $70 million to $600 million and encompass most all major brands and service level hotels. Brad Sinclair, Hote... Read More

published: 04-08-2013

Hotel AG Announces Several Price Reductions


Hotel AG is excited to announce a price reduction on the following four assets: (Price Reduction) Holiday Inn Raleigh/Crabtree – Raleigh, North Carolina 176 room, full service, 12-story hotel / Easily accessible from I-440 and minutes from Raleigh Durham International Airport, RBC Center, and the State Capitol / Situated on approx. 4.6 acres / Recent improvements / Priced reduced to $4,500,000. Wendy Blissett – WBlissett@HotelAssetsGroup.com   (Price Reduction) Regency Inn & Suit... Read More

published: 04-02-2013

Hotel AG To Attend 2013 AAHOA National Conference in Houston


Hotel Assets Group is proud to announce that two of its brokers, Brad Sinclair and Joe Jones, will both be in attendance at the annual AAHOA conference in Houston, Texas this week. Hotel AG is coming off of a banner year and the 2013 year has already seen 9 transactions close. Joe Jones, vice president and one of the newest Hotel AG team members, says "2013 is shaping up to be a good market for both buyers and sellers as banks are starting to lend again on assets that show strong upside in stable markets." One of the f... Read More

published: 03-25-2013

Hotel AG Lists Holiday Inn Express Beloit, Wisconsin


Hotel Assets Group, LLC, as sole exclusive agent, is pleased to offer the fee-simple interest in the Holiday Inn Express (collectively known as the "Property,'' or "Hotel''), a limited-service hotel located in Beloit, Wisconsin. The Hotel is conveniently located within the city of Beloit at the intersections of Interstate 90/39, Interstate 43 and Highway 81 at exit 185A. Several local area businesses are located nearby such as Kerry, Hormel Foods, ABC Supply Co., Mesto Corporation, Frito-Lay and Fairbanks Morse Engine/E... Read More

published: 03-21-2013

Hotel AG Lists Courtyard By Marriott-Salisbury, Maryland


Hotel Assets Group, LLC, as sole exclusive agent, is pleased to offer the fee-simple interest in the Courtyard Salisbury, a limited-service hotel located in Salisbury, Maryland. The Property is located approximately five-miles north of the Salisbury/Wicomico Regional Airport and conveniently located near local area attractions such as the Delmarva Shorebirds Stadium, Salisbury University and Peninsula Regional Medical Center. Additionally, the Property is centrally located near local major area businesses and only 25-m... Read More

published: 03-21-2013

Hotel AG Lists Comfort Suites-Elkhart, Indiana


Hotel Assets Group, LLC, as sole exclusive agent, is pleased to offer the fee-simple interest in the Comfort Suites Elkhart (South), a limited-service hotel located in Elkhart, Indiana. The Property is located just one mile off of US 20 southeast Elkhart, Indiana. Local attractions include Edgewater Park, Jimtown Historical Museum, Bent Oak Golf Club, Midwest Museum of American Art, RV/MH Hall of Fame, Ruthmere Museum, Rvmh Heritage Foundation, Christiana Creek Country Club, Old Orchard Golf Course, Time-Out Family Amu... Read More

published: 03-13-2013