Hotel AG Closes 7 Hotel Transactions In July
ATLANTA - August 5, 2013 - Hotel AG announced today the firm closed 7 hotel transactions in the month of July. The hotels sold consisted of a 15-story CBD hotel in a top 25 market; a 12-story full service hotel in North Carolina; 1 full service hotel in the North Central US; 3 select service hotels located in Florida; and 1 small conference center resort hotel.
Keith Thompson, principal of the firm, commented, “These recent transactions are representative of the various practice groups within Hotel AG including full service and select service assets.”
About Hotel AG Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has been involved in 1 hotel transaction every 5 days for the past 36 months and has sold or advised on 126 hotel transactions in the past 12 months. Today, Hotel AG has around 186 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.
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