Hotel AG Is Set to Close Transaction on Hampton Inn & Suites in Rochester, MN
|
Atlanta, GA May 18, 2009 - Hotel Assets Group, LLC (Hotel AG), announced today that the Hampton Inn & Suites currently under construction in Rochester, Minnesota is set to close on behalf of Viking Hospitality. The 134-room property will be sold to Apple REIT for an undisclosed amount and will be managed by Prism Hotels & Resorts. 
Keith Thompson
Keith Thompson, principal of Hotel AG remarked. “Both parties are anticipating the closing to occur around the end of June or first of July 2009.”
The Hampton Inn & Suites is under construction and slated for completion by the end of second quarter of 2009. The four-story hotel will be comprised of 134 guest rooms and offer all the amenities and facilities of a newly built Hampton Inn & 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. |
