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Hotel AG Structures Sale of Historic French Quarter Hotel
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ATLANTA �April 20, 2009� - Hotel Assets Group, LLC (Hotel AG) announced today it has facilitated the marketing and sale of a historic hotel situated in the French Quarter of New Orleans, Louisiana. The property was sold on behalf of an institutional client for an undisclosed amount to a local owner who will operate it as an independent hotel. �We are pleased to have represented a long time institutional client on this very unusual hotel asset,� remarked Keith Thompson of Hotel AG. �The investor was attracted to the hotel because of the consistent demand base generated within the French Quarter.� The two-story hotel is located along North Rampart Street on the edge of the French Quarter, three blocks from Bourbon Street. Reportedly built circa 1897, the property was converted to a hotel in the mid-1900s and was completely restored to its current style in mid-1990. Facilities include a restaurant and a large outdoor courtyard area with a grotto-style swimming pool. About Hotel AG
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Contact:
H. Keith Thompson
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