Hotel AG Brokers Sale of Hilton Garden Inn West Palm Beach Airport


ATLANTA – February 14, 2011– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hilton Garden Inn located in West Palm Beach, Florida on behalf of Worthington Hospitality, LLLP. The property sold to RLJ Real Estate Fund III Acquisitions, LLC for an undisclosed amount. "This was a very targeted transaction between buyer and seller that involved unique assets that were an ideal fit for the buyer’s portfolio,'' Tom Huegel, vice president and partner of Hotel AG stated.... Read More

published: 02-14-2011

Hotel AG Brokers Sale of Ormond Beach Aqua Terrace Hotel


ATLANTA – February 21, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the 33-room Aqua Terrace Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Ormond Innkeepers LLC for an undisclosed amount. "Both parties worked diligently to facilitate a quick closing,'' stated Wendy Blissett, vice president and partner of the firm. "This was the fifth transaction we completed on behalf of Wells Fargo.'' The Aqua Terrace Hotel is an independent hotel situated directly o... Read More

published: 02-21-2011

Hotel AG Closes One Hotel Every Nine Days for Past Five Months


ATLANTA – April 11, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that within the past five months the firm has closed one hotel transaction every nine days. The hotels included full service, mid market select service, and foreclosed assets located in the Midwest and Southeast US. The transactions consisted of Hilton, InterContinental, Starwood and Choice brands as well as independent beach front assets. The hotels were sold on behalf of Wells Fargo, US Bank, Midland Loan Services and LNR, among others.... Read More

published: 04-11-2011

Hotel AG Brokers Sale of a East North Central Holiday Inn Express


ATLANTA – April 11, 2011– Hotel Assets Group, LLC (Hotel AG), announced today they closed a 98-room Holiday Inn Express in the East North Central Region on behalf of LNR Partners, Inc. The property sold to Lodgco Management for an undisclosed amount. "The buyer is a local operator who was very familiar with the hotel and the market which resulted in a seamless closing,'' stated Scott Foster, vice president of the firm. The buyer owns and is developing other hotels in the market and plans to complete the req... Read More

published: 04-11-2011

Hotel AG Brokers Sale of the Driftwood Hotel in Ormond Beach


Wendy Blissett ATLANTA – April 24, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today they closed the Driftwood Hotel in Ormond Beach, Florida on behalf of Wells Fargo. The property sold to Shiv Bhola LLC for an undisclosed amount. "This was another successful closing for Wells Fargo representing the sixth transaction we have completed for them,'' stated Wendy Blissett, vice president and partner of the firm. "The buyer was a local operator who plans to keep the property an independent.'' The Driftwood Ho... Read More

published: 04-24-2011

Hotel AG Welcomes Chris Stark as Newest Team Member


ATLANTA – December 20, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that Chris Stark, formerly Director of Development for Vantage Hospitality, has joined Hotel AG as Vice President. "We are thrilled to have someone the caliber of Chris join the Hotel AG team. Chris comes to us with a vast hospitality background and strong contacts in the Northwest region, remarked Keith Thompson, principal of Hotel AG. "Chris will be a valuable industry leader and joins Hotel AG with great promise.'' Chris St... Read More

published: 12-20-2010

Hotel AG Brokers Sale of Econo Lodge, Avon Park, Florida


ATLANTA – December 20, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Econo Lodge in Avon Park, Florida on behalf of US Bank Special Assets Group. The 57-room hotel sold to Guru Krupa, LLC for an undisclosed amount. "This sale further represents the hotel real estate market beginning to stabilize and new acquisition loans being made. The transaction was closed with a new SBA loan that closed in a timely manner, stated Keith Thompson, principal of Hotel AG. "Our firm has s... Read More

published: 12-20-2010

Hotel AG Closes Eight Hotel Transactions in Month of November


ATLANTA – December 6, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed eight separate hotel transactions in the month of November. The transactions included upscale, select service and foreclosed assets located in South Central and Southeast US. The eight closings consist of three well-located Hilton select service hotels that sold to two separate REITs, one independent hotel, three bank foreclosures for Wells Fargo and one economy branded hotel for US Bank. Several of the firm’s ag... Read More

published: 12-06-2010

Hotel AG Brokers Sale of Hampton Inn & Suites, Holly Springs, NC


ATLANTA – December 13, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Hampton Inn & Suites in Holly Springs, North Carolina on behalf of Viking Hospitality Fund. The 124-room hotel sold to Apple REIT Nine for an undisclosed amount. Brad Sinclair, vice president of the firm stated, "We are pleased to have structured an advantageous transaction for both the buyer and the seller involving a well-branded hotel property in a growing market.'' "This is one of many... Read More

published: 12-13-2010

Hotel AG Brokers Sale of a Florida Hilton Hotel Portfolio


Atlanta, GA November 29, 2010- Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a Florida Hilton Hotel Portfolio located in West Palm Beach, Florida. The portfolio consists of a 100-room Hilton Garden Inn and a 105-room Hampton Inn and was sold on behalf of Worthington Hospitality, LLP and Australian Ave Hospitality, LLP, respectively. The property sold to RLJ Real Estate Fund III Acquisitions, LLC for an undisclosed amount. "This was a very targeted effort that involved pr... Read More

published: 11-29-2010

Hotel AG Brokers Sale of a 163-Room Irish Inn in the West South Central Region


Atlanta, GA November 22, 2010 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a 163-room Irish Inn in in the West South Central Region on behalf of a local private family trust. The property sold to Uppen Patel for an undisclosed amount. "This was a case where the buyer and seller worked together to get the deal done through seller financing,'' Alex White, vice president of Hotel AG stated. "We are witnessing more transactions where seller financing is available due to th... Read More

published: 11-22-2010

Hotel AG Engaged to Sell Five Hotel Portfolios


Atlanta, GA September 6, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm has recently been engaged to sell five hotel portfolios located in various regions throughout the U.S. The portfolios range in size from four to 30 hotels with values from $60 to $325 million. The portfolios are located in the North Central, Southeast and Midwest markets. "Some of the portfolios are bank-owned assets like the seven-property, east coast, ocean front listing the firm has been engaged to sell on behalf... Read More

published: 09-06-2010

Hotel AG Brokers Sale of Two Hotels


ATLANTA – November 14, 2011 - Hotel AG announced today that the firm brokered the sale of two hotels that included a 74-room Fairfield Inn & Suites in Archdale, North Carolina and a 131-room Red Roof Inn in the Mountain Region. The hotels were sold on behalf of LNR Property Corporation and RRI NC I LLC, respectively. Wendy Blissett, vice president and partner of Hotel AG, commented, "These were separate transactions that sold to local operators within their respective markets. Both buyers plan to make the nece... Read More

published: 11-14-2011

Hotel AG Sells a West South Central Region Portfolio


Atlanta, GA August 30, 2010- Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of two Hilton Garden Inn hotels located in the West South Central Region. The two properties are a 153-room Hilton Garden Inn and a 134-room Hilton Garden Inn, sold on behalf of Jackie’s International. The portfolio sold to Apple REIT Nine for an undisclosed amount. Brad Sinclair, Vice President of Hotel AG stated, "Both hotels had strong operating performance throughout the economic decline making ... Read More

published: 08-30-2010

Hotel AG Sells a West South Central Region Hilton Garden Inn


Atlanta, GA August 30, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a Hilton Garden Inn located in the West South Central Region. The 134-room Hilton Garden Inn West Monroe was sold to Apple REIT Nine on behalf of Jackie’s International for an undisclosed amount. "The acquisition of this property provided the buyer an opportunity to own a top performing hotel in the market,'' said Brad Sinclair, a vice president for Hotel AG. The five-story Hilton Garden Inn... Read More

published: 08-30-2010

Hotel AG Sells a Hilton Garden Inn in the West North Central Region


Atlanta, GA August 23, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a 153-room Hilton Garden Inn located in the West North Central Region on behalf of Jackie’s International. The portfolio sold to Apple REIT Nine for an undisclosed amount. The Hilton Garden Inn is a six-story, interior corridor hotel built in 2006. The Buyer plans to perform minor renovations to the hotel and continue operating it as a Hilton Garden Inn. About Hotel AG Headquartered i... Read More

published: 08-23-2010

Hotel AG Sells a South Atlantic Region Hilton Garden Inn


Atlanta, GA July 30, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a Hilton Garden Inn in the South Atlantic Region on behalf of Baywood Hotels. The property sold to Apple REIT Nine for a purchase price of $17,400,000. Brad Sinclair, Vice President of Hotel AG stated, "This transaction was made possible due to the quality of the developer, Baywood hotels, and the strength of the buyer, Apple REIT. This transaction closed 60 days from start to finish and was very sm... Read More

published: 07-30-2010

Hotel AG Sells the Orlando (I-Drive) Howard Johnson


Atlanta, GA July 9, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Howard Johnson Hotel located in Orlando, Florida on behalf of Davis Bros, Inc. The 165-room property sold to Capital Hospitality of Orlando for $2,850,000. Brad Sinclair, vice president of Hotel AG stated, "The buyer owns several other limited service hotels in the market and was very familiar with the Howard Johnson. His knowledge of the hotel and the market helped facilitate an easy transaction fo... Read More

published: 07-09-2010

Hotel AG Sells Fort Myers-Estero Embassy Suites


Atlanta, GA July 1, 2010– Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Embassy Suites located in Fort Myers-Estero, Florida on behalf of Carroll Hotel 21, LLC. The 150-suites property sold to RLJ Real Estate Fund III Acquisitions, LLC for an undisclosed amount. Tom Huegel, vice president of Hotel AG remarked, "This was an excellent acquisition for RLJ Hotels at a cost below replacement value and complements their recent acquisition of the Embassy Suites in downtow... Read More

published: 07-01-2010

Hotel AG Arranges Sale of Lake Oconee Lodge


ATLANTA – August 15, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm arranged the sale of The Lodge on Lake Oconee in Eatonton, Georgia on behalf of BB&T. The property sold to a private ownership group for an undisclosed amount. "This was a complex transaction due to the hotel/condo structure of the property,'' said Michael Bernath, vice president of Hotel AG. "All of the parties involved worked diligently to get the deal across the finish line.'' Eatonton, Georgia is located appro... Read More

published: 08-15-2011