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Atlanta, GA July 9, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Howard Johnson Hotel located in Orlando, Florida on behalf of Davis Bros, Inc. The 165-room property sold to Capital Hospitality of Orlando for $2,850,000. Brad Sinclair, vice president of Hotel AG stated, “The buyer owns several other limited service hotels in the market and was very familiar with the Howard Johnson. His knowledge of the hotel and the market helped facilitate an easy transaction for both parties.”
About Hotel AGHotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia with 16 offices throughout the U.S. The company specializes in the sale of hotel real estate throughout the continental 48 states. Today, Hotel AG has 113 hotel engagements totaling $1.1 billion throughout the U.S. with 34 of the 113 under agreement. The company has closed 35 percent more transactions in 2010 than the 2009 calendar year.
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The Howard Johnson Hotel is located on the west side of International Drive less than ¼ mile from Sand Lake Road and one mile south of Kirkman Road. The buyer plans to update the property through substantial renovations and keep the Howard Johnson flag.
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