News for the Hospitality Executive |
Hotel AG Brokers Sale of Hilton Garden Inn Cincinnati/Mason
ATLANTA – September 12, 2011 – Hotel Assets
Group, LLC
(Hotel AG), announced today that the firm negotiated the sale of the
110-room
Hilton Garden Inn located in Cincinnati/Mason, Ohio.
The hotel sold to Apple REIT Ten on behalf of
SASI, LLC for an undisclosed amount.
This
property opened in February 2010 and very quickly ramped up providing
the
opportunity for the buyers to capture a strong performing asset with
minimal
capital expense requirements,” said Brad Sinclair, a vice president and
partner
for Hotel AG. “Both buyer and seller are
excited with this transaction.” The buyer plans to continue operations as a
Hilton Garden
Inn with Schulte Hospitality Group as the management company. About Hotel AG Headquartered in Atlanta, Georgia with 19 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 129 hotels on the market in 33 states valued at $1.3 billion. Hotel AG can be found online at www.hotelassetsgroup.com. |
Contact:
Wendy
Blissett, CCIM Hotel Assets Group, LLC 678-596-9669 direct 678-261-6514 facsimile [email protected] www.hotelassetsgroup.com |