Keith Thompson
Atlanta, GA May 18, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today they have exclusive engagements to sell 96 hotels located in 29 states across the country with 26 of these engagements under agreement. The engagements include both single and portfolio transactions and represent limited-service, full-service and extended-stay properties with a combined total of more than 11,000 rooms.
H. Keith Thompson, principal of Hotel AG remarked, “The number of hotels under agreement represents roughly 27 percent of our current listings which is a much larger percentage than last year. Hotel closings are becoming more frequent due to the number of distressed assets on the market and the availability of buyers with the cash to buy them.” Hotel AG’s exclusive engagements represent the majority of brands including Marriott, Hilton, Choice, Wyndham and IHG. The properties are located in urban, primary, secondary and tertiary markets throughout the United States. 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. |
