Hotel AG 2014 Transaction Market Performance
May 27, 2014 5:22am
ATLANTA - May 27, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm continues its momentum in closing hotel transactions.
"Hotel AG continues a rapid pace in hotel transaction closings. The firm has closed more transactions this year to date than in 2013, and over the past 12 months the firm has been involved in 1 hotel transaction every 3 days. The firm has 49 hotels under sale agreement with closings scheduled for this summer," stated H. Keith Thompson, principal of the firm.
"We see off the chart strong demand in the hotel real estate investing, but we think the selling window is beginning to close. I told a client two weeks ago to imagine he knew with certainty that the next down cycle would begin 1st quarter 2015 and to list the changes we would make in his real estate holdings. I then told him that the list he just made was exactly what he should start doing today. The client was shocked, but also resolved to not get caught in the next cycle and be prepared," further commented Keith Thompson.
A recent transaction example is the closing of the Doubletree Hotel in West Palm Beach, Florida. Tom Huegel, vice president and partner of the firm, commented, "This transaction is a great example of a deal that required an aggressive and nimble buyer that was able to react to the needs of the seller from both a timing and structure standpoint. From the initial due diligence to closing we were able to get it done within a 30-day window which required a lot of coordination between buyer and seller and we were able to make it happen."
Tags: hotel ag,
hotel assets group
Hotel AG is a national hotel brokerage firm headquartered in Atlanta, Georgia. The firm has been involved in 1 hotel transaction every 5 days for the past 3.5 years and has sold or advised on 125 hotel transactions over that past 12 months. Today, Hotel AG has around 183 hotels on the market with a market cap value of $2.2 billion. The firm specializes in select service and full service hotels within the US and works with CMBS lenders, whole loan banks, REITs, public companies, investment funds and private investors. The firm has 15 national brokers and 20 partners and can be found online at www.hotelassetsgroup.com.
Contact: Wendy Blissett
Hotel AG Appoints Co-Presidents
Hotel AG June 2015 Closings
Hotel AG Continues Pace of Closings
Hotel AG Closes San Francisco Airport Hotel
Hotel AG Closes The Riverhouse Hotel & Convention Center in Bend, Oregon
Hotel AG Closes Holiday Inn Downtown Savannah
Hotel AG Continues Closing Pace
Hotel AG involved in 194 Hotel Transactions Since 2013
Hotel AG Involved in 194 Hotel Transactions During Last 2 Years
Hotel AG Closes 11 Hotel Transactions in November
Hotel AG's New Logo - The Firm Closes 80 Hotel Transactions in Last 12 Months
Hotel AG Closes 76 Hotels in Last 11 Months
Hotel AG Closes 20 Hotel Transactions in September
Hotel AG Set to Close 20 Hotel Transactions in September
Hotel AG Closes 12 Transactions in July
Hotel AG Closes 10 Transactions Since July 1st
Hotel AG Welcomes Rick George, Opens Chicago Office
Hotel AG Summer 2014 Transactions
Hotel AG Welcomes DJ Effler as Director of Capital Markets
Hotel AG Welcomes Eric Gunderson as Newest Team Member, Opens California Office
Hotel AG Closes One Hotel Every Five Days
One Hotel Closing Every Five Days
Hotel AG Involved in 125 Hotel Transactions in 2013
Hotel AG Closes 13 Hotel Transactions in November
Hotel AG Closes a 4-Property Northeast Portfolio
Hotel AG Closes 6 Hotel Transactions in Last 18 Days
Hotel Assets Group Closes 5 Hotel Transactions in October
Hotel AG Closes 5 Hotel Transactions in September
Hotel Assets Group Closes Five Hotel Transactions in August
Hotel Assets Group Closes Seven Hotel Transactions In July
Please login or register to post a comment.