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Hotel AG Sells West Monroe Hilton Garden Inn

Hilton Garden Inn West Monroe, LA

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ATLANTA – August 30, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hilton Garden Inn located in West Monroe, Louisiana.  The 134-room Hilton Garden Inn West Monroe was sold to Apple REIT Nine on behalf of Jackie’s International for an undisclosed amount.   

“The acquisition of this property provided the buyer an opportunity to own a top performing hotel in the market,” said Brad Sinclair, a vice president for Hotel AG.  “The hotel is across from the Ike Hamilton Expo Center and three miles from the West Monroe Convention Center – both major demand generators that contribute to the property’s strong operating performance.”

The five-story Hilton Garden Inn West Monroe was built in 2007 and is located off Interstate 20 adjacent from the Ike Hamilton Expo Center, the largest equestrian facility in Louisiana.  The Buyer plans to perform minor renovations and continue operating the hotel 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 Lafayette, LaFayette, LA / August 2010
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
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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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