News for the Hospitality Executive |
Hotel AG Brokers Sale of the 163-room Irish Inn in Shamrock, Texas
.
ATLANTA – November
22, 2010 – Hotel Assets Group, LLC (Hotel AG), announced today that the
firm
negotiated the sale of a 163-room Irish Inn in Shamrock, Texas on
behalf of a local
private family trust. The property sold
to Uppen Patel for an undisclosed amount. “This was a case
where the buyer and seller worked together to get the deal done through
seller
financing,” Alex White, vice president of Hotel AG stated. “We are
witnessing
more transactions where seller financing is available due to the
extreme
difficulties of traditional financing.” The
two-story, exterior corridor independent hotel is located in the heart
of
Shamrock, Texas. The City of Shamrock is
located in the eastern portion of the Texas Panhandle centered along
the
crossroads of Interstate 40 (formerly the famous U.S. Route 66) and
U.S. Route
83. 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 147 hotels on the market in 33 states valued at 1.2 billion. Hotel AG can be found online at www.hotelassetsgroup.com. |
Contact:
H. Keith Thompson |