Hotel AG Announces Year End and 1st Quarter Closings
November 16, 2015 1:48pm
ATLANTA – November 16, 2015 – Hotel AG announced today their year end and 1st quarter closings. The firm currently has 71 hotels under sale agreement totaling $974 million with expected closings over the next several months.
The brands under agreement include: 14 Hamptons, 7 Courtyards, 7 Hilton Garden Inns, 6 SpringHill Suites, 8 TownePlace Suites, 1 full service Marriott, 1 Hyatt, 1 Homewood, 3 Holiday brands, 3 Fairfield Inns, 1 Staybridge, 6 Choice flags, 5 independents and 8 other branded assets.
H. Keith Thompson, principle of the firm, remarked, "We call this period in the cycle the race for capital. For the Hotel AG team, we put more faith in what people do than what people say. All the intel says the hotel space will see great growth for the next several years; yet, the smart people in the room are monetizing their holdings as fast as they can, and reducing the risk of a downturn. In short, we would rather watch what the smart money does rather than listen to what others say, and then build our business accordingly."
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Hotel AG is a national hotel brokerage firm with primary offices in Atlanta, New York, Chicago and Los Angeles. The firm has been involved in 1 hotel transaction every 4 days since January 2013, Hotel AG has 197 hotels on the market with a market cap value of $2.6 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 17 national brokers and 21 partners and can be found online at www.hotelassetsgroup.com.
Contact: Wendy Blissett
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