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Hotel AG Brokers Sale of a 143-room Independent Hotel
in Erlanger, Kentucky

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ATLANTA – August 15, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of a 143-room independent hotel in Erlanger, Kentucky on behalf of a local banking institution in Elizabethton, Tennessee.  The property sold to Sadiq Shaikh for an undisclosed amount.   

“This was a challenging assignment in regards to maximizing value due to being a bank-owned hotel,” Alex White, vice president of Hotel AG stated. “We were able to provide our client with a qualified and motivated buyer in the quick time frame needed. This resulted in significant savings for them as they eliminated the carrying costs and were able to remove the asset off their books.”

The two-story, 143-room independent hotel formerly operated as a Days Inn.  The property is located at the Cincinnati/Northern Kentucky International Airport.

About Hotel AG
Headquartered in Atlanta, Georgia with 16 national offices, 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 139 hotels on the market in 34 states valued at 1.2 billion. 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 Sells Hilton Garden Inn Portfolio; Hilton Garden Inn LaFayette, LA and Hilton Garden Inn West Monroe, LA  / August 2010
Hotel AG Sells Hilton Garden Inn Silver Spring, MD / August 2010
Hotel AG Sells Limited-Service Memphis Hotel - Hampton Inn, Collierville, Tennessee / July 2010
Hotel AG Structures Sale of the Rodeway Inn Hotel / July 2010
Hotel AG Sells the Orlando Howard Johnson / July 2010
Hotel AG Represents Forsyth Inns, Inc. in the Sale of the Holiday Inn Express in Forsyth, Georgia / July 2010
Hotel AG Sees Economic Conditions Improving for Hotel Transactions / June 2010
Hotel AG Negotiates Contract for Baton Rouge SpringHill Suites / May 2009
Hotel AG Announces Sale of an Approved Candlewood Suites Development / May 2009
Hotel AG Advises LNR Property Corporation in Sale of Independent Hotel in Fairborn, Ohio / April 2009
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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