News for the Hospitality Executive
Hotel A.G., a Hotel Brokerage Company, Closes 8 Hotel
Transactions Within the Last Six Weeks
|Atlanta, GA January 14, 2008 – Hotel Assets Group, LLC,
known as “Hotel A.G.”, announces the closing of eight hotel transactions
within the last six weeks. The Transactions include the following hotels;
162 - Room Courtyard by Marriott- Somerset, NJ
Hotel A.G. has seven alliance offices located in South Florida, Baltimore/ Washington, Memphis, Louisville, Los Angeles and the greater Boston region.
“These transactions represent several hotel market segments, from strategic REIT purchases to bank foreclosure hotels” said H. Keith Thompson principal of Hotel A.G. In several of the transactions Hotel A.G. represented Newport Hospitality Group (NHG) in a portfolio sale to Apple REIT. Newport Hospitality operates 29 hotels, with the majority positioned within eastern seaboard states. NHG is widely respected within the hospitality industry. Apple REIT needs no introduction as they have become one of the benchmarks for the lodging industry as a whole.
H. Keith Thompson states “we at Hotel A.G. are very humbled to have been engaged to sell the portfolio for Newport Hospitality Group as well as delighted to have the opportunity to participate with Apple REIT.” He continues; “The lodging industry is clearly seeing value adjustments in the lower fill pattern segments that represent non-investment grade hotel brands, while the investment grade brand values remain consistently strong in their respective local markets as well as the public investor market.
Hotel A.G. is a specialized hotel brokerage firm with a market focus in Select Service hotels with a per property market value under $25,000,000. Hotel A.G. is lead by long time industry professional H. Keith Thompson and primarily focuses on upscale Select Service hotels such as the asset class(s) represented by the above mentioned transactions. Hotel A.G. is currently marketing many similar assets that can be found on the following website.
For more information on Hotel A.G. please log onto www.hotelassetsgroup.com
|Also See:||Hotel A.G., a Hotel Brokerage Company Sells the Hampton Inn hotel Bowling Green, Kentucky / January 2008|
|Hotel A.G., a Hotel Brokerage Company Sells the Courtyard by Marriott hotel Harrisonburg, Virginia / December 2007|
|Hotel A.G., a Hotel Brokerage Company Sells the Courtyard by Marriott hotel Somerset, New Jersey / December 2007|
|Real Estate Veteran Establishes Atlanta Based Hotel Assets Group, LLC; Company set to focus in Hotel Brokerage, Hotel Ownership and Hotel Investment Banking services / September 2007|