Victor Kalyanji
Keith Thompson
Atlanta, GA May 14, 2010 - Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Rodeway Inn located in Florence, Kentucky on behalf of Midland Loan Services. The property sold to Malaxmi, Inc. for an undisclosed amount. Victor Kalyanji, vice president of Hotel AG stated,
“We are pleased to have represented a long term institutional client on this asset and also have the opportunity to work with a buyer whom we have a long term relationship with also. “  The Rodeway Inn is a three-story, 134-room structure originally built as a generation one Fairfield Inn. At the time of sale, the hotel reported 101 rooms into the Choice franchise system. The property is situated on approximately 2.87 acres and is located four miles from the Cincinnati/Northern Kentucky International Airport. 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 96 hotels on the market in 29 states totaling over 11,000 rooms. |
