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Hotel AG Advises LNR Property Corporation in Sale
of Independent Hotel in Fairborn, Ohio

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ATLANTA, GA “April 27, 2009” – Hotel Assets Group, LLC (Hotel AG), announced today that the firm arranged the marketing and sale of a 149-room independent hotel in Fairborn, Ohio.  The hotel was sold on behalf of LNR Property Corporation for an undisclosed amount.
“It was a pleasure to assist LNR, one of our highly valued clients in the disposition of this hotel,” remarked Scott Foster, vice president of Hotel AG. “The property’s location across from Wright Patterson Air Force Base was a key point in selling this asset.”

The two-story, exterior corridor hotel is situated on five acres in the city of Fairborn in close proximity to Wright Patterson Air Force Base and Wright State University.  Hotel amenities include a restaurant and lounge, fitness center, outdoor swimming pool and two meeting rooms with a total of 2,600 square feet of space.  The hotel was originally built as a Holiday Inn in 1971 and currently operates as an independent property.

Fairborn is located in southwestern Ohio and benefits from its close proximity to Dayton.  The city’s economy is driven by the aerospace industry and is home to the United States Air Force Museum and the National Aviation Hall of Fame Learning & Research Center.

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

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Contact:

H. Keith Thompson
Hotel AG / Hotel Assets Group, LLC
Office: (770) 692- 1605
Fax: (770) 692-1608
kthompson@hotelassetsgroup.com
www.hotelassetsgroup.com
 

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Also See: Hotel AG Structures Sale of Historic French Quarter Hotel / April 2009
Hotel AG Highlights Latest Exclusive Engagements / April 2009
Hotel AG Completes the Sale of the 7 Property Select Service Hotel Portfolio/ October 2008
Hotel AG, a Hotel Brokerage Company, Sells the Hilton Garden Inn Columbia, South Carolina / September 2008
Hotel Assets Group, LLC Sells Equity Stake in Company to Cassidy Pinkard Colliers / September 2008
Tom Huegel Joins Hotel A.G., A Hotel Brokerage Company / August 2008
Hotel A.G., a Hotel Brokerage Company Sells the Hilton Garden Inn (Savannah International Airport) Savannah, Georgia / August 2008
Hotel AG, a Hotel Brokerage Company, Engaged to Sell the Residence Inn/ Springhill Suites Development in Myrtle Beach South Carolina / July 2008
Hotel A.G., a Hotel Brokerage Company Sells the Hampton Inn Concord, North Carolina / March 2008
Hotel A.G., a Hotel Brokerage Company sells the 175-Room Doubletree Hotel located in Greensboro NC for $22,500,000 / February 2008
Hotel A.G., a Hotel Brokerage Company Sells the Day’s Inn Hotel Hickory, North Carolina / February 2008
Hotel A.G., a Hotel Brokerage Company Closes 2 Hilton Garden Inn Transactions / February 2008
Hotel A.G., a Hotel Brokerage Company Sells the Hampton Inn hotel Port Wentworth, Georgia / January 2008
Hotel A.G., a Hotel Brokerage Company, Closes 8 Hotel Transactions Within the Last Six Weeks / January 2008
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
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