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Hotel AG Sells Hilton Garden Inn Silver Spring, MD
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ATLANTA � July 30, 2010 � Hotel Assets Group, LLC (Hotel AG), announced today that the firm negotiated the sale of the Hilton Garden Inn in Silver Spring, Maryland on behalf of Baywood Hotels. The property sold to Apple REIT Nine for a purchase price of $17,400,000. Brad Sinclair, Vice President of Hotel AG stated, �This transaction was made possible due to the quality of the developer, Baywood hotels, and the strength of the buyer, Apple REIT. This transaction closed 60 days from start to finish and was very smooth for both parties involved. � The Hilton Garden Inn is a four-story, 107-room hotel that opened in July 2010. The property is located on 1.8 acres in north Silver Spring, Maryland. About Hotel AG
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H. Keith Thompson
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