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Hotel AG Closes Nine Hotel Transactions Last Week


ATLANTA – June 4, 2012 – Hotel AG announced today the firm closed 9 hotel transactions yesterday.  The properties sold consisted of 8 Hilton and Marriott branded hotels and 1 Wyndham branded asset.  Two of transactions included a Hampton Inn located in St. Augustine, Florida and a Courtyard by Marriott in Jacksonville, Florida.  The 6 Hilton and Marriott branded assets are located in the upper Midwest and were the final part of a 9-property $82 million portfolio sale. HAG brokers involved in the transactions included Andy Broad, Tom Huegel, Wendy Blissett and Rex Cagle.



Today, Hotel AG has 229 hotels on the market with 58 of the 229 under sale agreement. The firm has closed 1 hotel transaction every 8 days for the past 19 months.

H. Keith Thompson, principal of Hotel AG stated, “We are very pleased with the continued real estate traction in the hotel space and these latest transactions point to the accretive value hotel investors are seeing in today’s market.”
 
About Hotel AG
Hotel AG is a specialized brokerage firm offering hotel specific real estate within the United States.  Headquartered in Atlanta, Georgia, the company conducts business with REITs, public and private companies, institutional clients and individual owner operators.  Hotel AG can be found online at www.hotelassetsgroup.com.

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Contact:

Wendy Blissett, CCIM
Hotel Assets Group, LLC
678-596-9669 direct
678-261-6514 facsimile
wblissett@hotelassetsgroup.com
www.hotelassetsgroup.com


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