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Hotel AG Sells Limited-Service Memphis Hotel
Hampton Inn, Collierville, Tennessee

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ATLANTA – July 23, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hampton Inn located in Collierville, Tennessee on behalf of Collierville Hotels GP.  The property sold to SGR, LLC for an undisclosed amount.   

Tom Huegel, vice president of Hotel AG stated, “This was a straight forward arms-length transaction with a local business entity that involved a traditional loan which is very uncharacteristic in today’s market.“

The Hampton Inn is a three-story, 91-room hotel constructed in 1997. Located off East Poplar Avenue, the property is situated on 2.23 acres and is located in the upscale community of Collierville, approximately 17 miles from downtown Memphis.  The new owner plans to undergo an extensive renovation to the property to satisfy brand standards and to reposition it more competitively in the market.

About Hotel AG
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia with 16 offices throughout the U.S.  The company specializes in the sale of hotel real estate throughout the continental 48 states.  Today, Hotel AG has 139 hotel engagements totaling $1.3 billion in value, including six portfolios with a combined 87 properties. The company has closed more transactions in 2010 than the entire 2009 year and currently has 35 hotels under agreement as of July 2010.  For further information about this transaction and current hotel property offerings, please visit 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 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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