Hotel AG Summer 2014 Transactions
June 30, 2014 5:37am
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.
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Contact: Wendy Blissett
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