ATLANTA - June 30, 2014 - Hotel Assets Group, LLC (Hotel AG) announced today the firm has been involved in 238 hotel transactions over the past 36 months. Over half of the transactions were upscale select service or full service hotels.
"Hotel AG continues a rapid pace in hotel transaction closings. The firm has closed 1 hotel transaction every 5 days for the past 3 years. Additionally, the firm has 51 hotels under sale agreement with closings scheduled over the next 90 days," stated H. Keith Thompson, principal of the firm.
"We see very strong demand in hotel real estate investing, but we remain concerned the selling window is beginning to close. Every year transactions seem to cluster at various periods throughout the year and in 2014 it seems to be the second half of the year. Our transactions 2014 year to date have outpaced the same period for 2013," further commented H. Keith Thompson.
The firm just released an updated Hotel AG video titled "Summer 2014," which can be found on the homepage of the company website, www.hotelassetsgroup.com.
About Hotel AG
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 years. 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 16 national brokers and 21 partners and can be found online at www.hotelassetsgroup.com.
Contact: Wendy Blissett
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