Hotel AG lists Super 8-Springfield, Ohio


The Super 8 Springfield is located off of Interstate 70 approximately 20 minutes from Dayton, Ohio and is centrally located near Wittenberg University, Cedarville University and Clark State College. There are many attractions also located nearby such as the architect Frank Lloyd Wright’s - The Westcott House, Wright Patterson Air Force Base and Air Force Museum, the Ohio Caverns, and the Dayton International Airport. Additionally, the Hotel is in close proximity to local golf courses and restaurants that are just minu... Read More

published: 12-12-2011

Hotel AG Brokers Sale of an East North Central Hilton Garden Inn


ATLANTA – September 12, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of an 110-room Hilton Garden Inn located in the East North Central Region. The hotel sold to Apple REIT Ten on behalf of SASI, LLC for an undisclosed amount. "This property opened in February 2010 and very quickly ramped up providing the opportunity for the buyers to capture a strong performing asset with minimal capital expense requirements,'' said Brad Sinclair, a vice president and partner... Read More

published: 09-12-2011

Hotel AG Brokers Sale of an East South Central Portfolio


ATLANTA – September 19, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today they closed two hotels in the East South Central Region on behalf of Sterling Bank, a division of Comerica Bank. The portfolio included an 84-room Econo Lodge and a 62-room Inn Place Suites. The property sold to K&A Host, LLC for an undisclosed amount. "The buyer understood the challenges of the hotels at the local level and plans to undergo extensive renovations to re-brand and reposition the hotels to better compete in the ma... Read More

published: 09-19-2011

Hotel AG Brokers Sale of an East North Central Hilton Garden Inn


ATLANTA – October 3, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of an 124-room Hilton Garden Inn located in the East North Central Region. The hotel sold to Apple REIT Ten on behalf of Ascent Hospitality for an undisclosed amount. "This property allowed the buyers to capture a strong performing asset with minimal capital expense requirements,'' said Brad Sinclair, a vice president and partner for Hotel AG. "Both buyer and seller were pleased with the transaction.'... Read More

published: 10-03-2011

Hotel AG Brokers Sale of the Queensboro Hotel in Long Island City


ATLANTA – October 10, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Queensboro Hotel in Long Island City, New York. The hotel sold to Shri Hari New York, LLC on behalf of LNR Partners for an undisclosed amount. "This transaction represented a well timed market purchase for the buyer and will compliment his current hotel portfolio,'' said Keith Thompson, principal of Hotel AG. "The seller was LNR with whom Hotel AG has enjoyed a long relationship.'' The Qu... Read More

published: 10-10-2011

Hotel AG Brokers Sale of Two Bank-Owned Hotels


ATLANTA – November 7, 2011 - Hotel AG announced today that the firm brokered the sale of two bank-owned hotels. The assets are located in the Southeast region and include a Microtel Inn and an independent hotel. The clients represented were two separate lending institutions. About Hotel AG Headquartered in Atlanta, Georgia with 19 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, publ... Read More

published: 11-07-2011

Hotel AG Brokers Sale of Red Roof in Tampa-Brandon Area


ATLANTA – November 21, 2011 - Hotel AG announced today that the firm brokered the sale of the Red Roof Inn in Tampa-Brandon, Florida on behalf of RRI NC I LLC. The 120-room property sold to Saihari Inc. for an undisclosed amount. Victor Kalyanji, vice president and partner of the firm, stated, "On this transaction we worked with an out of state buyer who secured SBA financing, stated Victor Kalyanji, vice president and partner of the firm. "The buyer will be planning renovations in stages to re-position the pro... Read More

published: 11-21-2011

Hotel AG Welcomes Andrew Broad as Newest Team Member


ATLANTA – October 10, 2011 – Hotel Assets Group announced today that Andrew Broad, formerly Senior Vice President of Business Development for Alliance Hospitality, has joined Hotel AG as Vice President and will be located in the New York Metropolitan Area. "We are thrilled to have someone with the experience of Andrew join the Hotel AG team. Andrew comes to us with a vast hospitality background and strong contacts in the Northeast region, remarked Keith Thompson, principal of Hotel AG. Andrew is a veteran o... Read More

published: 10-10-2011

Hotel AG Reports 5 Hotel Transactions in the Last Month


ATLANTA – October 31, 2011 - Hotel AG announced today that the firm has closed 5 hotel transactions in the last month. The hotels consisted of one Hilton Garden Inn, one hotel at LaGuardia Airport, two bank REO properties and one limited-service hotel in the Mountain Region. The clients represented were a CMBS lender, two whole loan bank lenders, one global ownership group and a REIT. Keith Thompson, principal of Hotel AG stated, "These transactions represented by this diverse group of sellers further points to th... Read More

published: 10-31-2011

Hotel AG Has 73 Hotels Under Sale Agreement


ATLANTA – October 24, 2011 - Hotel AG announced today that the firm has 162 hotels on the market in 35 states with 73 currently under sale agreement. The firm has been successful in closing 1 hotel transaction every 9 days for the past year. The assets under agreement range in type and size from Hilton and Marriott portfolios to bank REO. Properties include 6 Hilton Garden Inn, 5 Courtyard by Marriott, 3 Residence Inn, 20 Hampton Inn, 10 Fairfield Inn, 13 Holiday Inn Express, 16 Holiday Inn and Choice, Wyndham and Re... Read More

published: 10-24-2011