Hotel AG

Atlanta, GA May 11, 2009 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated a Purchase and Sale Agreement for the SpringHill Suites currently under construction in Baton Rouge, Louisiana on behalf of Viking Hospitality. The 119-room property will be sold to Apple REIT for an undisclosed amount and will be managed by Prism Hotels & Resorts.

“The signing of the Purchase and Sale Agreement was very timely for both the buyer and the seller,” Keith Thompson, principal of Hotel AG remarked. “Both parties are anticipating the closing to occur around the end of June 2009.”

The hotel will be well situated in the Baton Rouge market and will consist of 119 guest rooms and offer all the amenities and services of a newly built SpringHill Suites.

About Hotel AG
Headquartered in Atlanta, Georgia, 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, public and private companies, institutional clients and individual owner operators. Today Hotel AG has approximately 75 hotels on the market totaling 8,000 rooms. Hotel AG can be found online at www.hotelassetsgroup.com.