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Hotel AG Sells Hilton Garden Inn Portfolio

Hilton Garden Inn LaFayette, LA and Hilton Garden Inn West Monroe, LA

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ATLANTA – August 6, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of two Hilton Garden Inn hotels located in Louisiana.  The 153-room Hilton Garden Inn LaFayette Canjundome and the 134-room Hilton Garden Inn West Monroe were sold on behalf of Jackie’s International.  The portfolio sold to Apple REIT Nine for an undisclosed amount. 

Brad Sinclair, Vice President of Hotel AG stated, “Both hotels had strong operating performance throughout the economic decline making the sale possible for the owner and a good purchase for the buyer.”

“What made this transaction possible was the quality of the developer, Jackie’s International, and the strength of the buyer,” remarked Keith Thompson, principal of Hotel AG.
 


H. Keith Thompson

Brad Sinclair
The Hilton Garden Inn LaFayette is a six-story, interior corridor hotel built in 2006 situated adjacent to the Cajundome and Conference Center.  The five-story Hilton Garden Inn West Monroe was built in 2007 and is located across from Ike Hamilton Expo Center, the largest equestrian facility in Louisiana.  The Buyer plans to perform minor renovations on both hotels and continue operating them as a Hilton Garden Inn.

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 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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