Hotel A.G. Sells Hilton Garden Inn Savannah, GA
(Savannah International Airport)
ATLANTA, GA, August 4, 2008. Hotel Assets Group, LLC known as "Hotel A.G." announces today that it has closed the transaction for the 105 room Hilton Garden Inn located at the Savannah International Airport Savannah, Georgia. Hotel AG has seven alliance offices located in South Florida, Baltimore, Washington, Memphis, Louisville, Los Angeles and the greater Boston region.
The seller was Crossroads Hospitality headquartered in Statesboro, Georgia and the buyer was Apple REIT headquartered in Richmond Virginia. The property will be managed by Newport Hospitality on a going forward basis.
"The Hilton Garden Inn located at the Hilton Head international Airport has been and continues to be one of the top performing hotels at the Savannah Airport. The Savannah hotel market also continues to be one of the best markets for Hospitality in the Southeast. The Hilton Garden Inn brand along with the location of this hotel made the sell of this asset a winning combination for all parties involved" said Scott Foster.
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