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Hotel AG Brokers Sale of Econo Lodge, Avon Park, Florida

ATLANTA – December 20, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Econo Lodge in Avon Park, Florida on behalf of US Bank Special Assets Group.  The 57-room hotel sold to Guru Krupa, LLC for an undisclosed amount.


“This sale further represents the hotel real estate market beginning to stabilize and new acquisition loans being made. The transaction was closed with a new SBA loan that closed in a timely manner, stated Keith Thompson, principal of Hotel AG.  “Our firm has sold numerous hotels for this client reflecting our client driven focus.”


The two-story, exterior corridor property is located near Avon Park Air Force Range off US Highway 27 South.  The City of Avon Park is located in Central Florida approximately 78 miles south of Orlando.  The buyer continues to operate the hotel as an Econo Lodge for the foreseeable future.

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 137 hotels on the market in 33 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 Brokers Sale of Hampton Inn & Suites, Holly Springs, North Carolina / December 2010

Hotel AG Closes Eight Hotel Transactions in Month of November / December 2010

Hotel AG Brokers Sale of a Florida Hilton Portfolio / November 2010

Hotel AG Brokers Sale of the 163-room Irish Inn in Shamrock, Texas / November 2010

Hotel AG Engaged to Sell Five Hotel Portfolios / September 2010

Hotel AG Sells West Monroe Hilton Garden Inn - Hilton Garden Inn West Monroe, LA / August 2010

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

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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