ATLANTA – August 15, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm arranged the sale of The Lodge on Lake Oconee in Eatonton, Georgia on behalf of BB&T. The property sold to a private ownership group for an undisclosed amount.
“This was a complex transaction due t
o the hotel/condo structure of the property,” said Michael Bernath, vice president of Hotel AG. “All of the parties involved worked diligently to get the deal across the finish line.”
Eatonton, Georgia is located approximately 90 miles from Atlanta.
About Hotel AG
Headquartered in Atlanta, Georgia with 19 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Today Hotel AG has 129 hotels on the market in 33 states valued at $1.3 billion.