Hotel AG Announces Recent Closings
ATLANTA – September 26, 2016 – Hotel AG announced today that in the last several weeks the firm closed a number of hotel transactions. These included a Residence Inn, Hampton Inn and Fairfield Inn in Hazelton, Pennsylvania; a Staybridge Suites in Myrtle Beach, South Carolina; the 13-story Holiday Inn Downtown in Memphis, Tennessee; and a 256-room, full service hotel in Harrisburg, Pennsylvania.
Brad Sinclair, a partner with the firm, remarked, “The public hotel companies and the public debt markets (CMBS) are clearly the bellwether of the hotel real estate industry. The market indicators today are showing sound economic stability and we are seeing transactions mirror that sentiment.”
About Hotel AG
Hotel AG is a national hotel brokerage firm with primary offices in Atlanta, New York, Chicago and Los Angeles. The firm has been involved in 1 hotel transaction every 5 days since January 2013. Today the firm has 176 hotels on the market totaling $2.4 billion in market value with $700 million 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 18 national brokers and 23 partners and can be found online at www.hotelassetsgroup.com.published: 09-26-2016