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Hotel AG Brokers Sale of Hampton Inn & Suites,
Holly Springs, North Carolina

ATLANTA – December 13, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm sold the Hampton Inn & Suites in Holly Springs, North Carolina on behalf of Viking Hospitality Fund.  The 124-room hotel sold to Apple REIT Nine for an undisclosed amount.


Brad Sinclair, vice president of the firm stated, “We are pleased to have structured an advantageous transaction for both the buyer and the seller involving a well-branded hotel property in a growing market.”





“This is one of many transactions Hotel AG has closed with Apple REIT and represents our firm's core business,” remarked Keith Thompson, principal of Hotel AG.  “Additionally this is the third hotel Viking Hospitality has developed for sale to Apple REIT.”



The Hampton Inn & Suites is the newest hotel to enter the Holly Springs market.  The hotel is located on Ralph Stephens Road off the NC 55 Bypass.  The Town of Holly Springs is located 15 miles south of Raleigh and 25 miles south of Durham.

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 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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