ATLANTA – November 14, 2011 – Hotel AG announced today that the firm brokered the sale of two hotels that included a 74-room Fairfield Inn & Suites in Archdale, North Carolina and a 131-room Red Roof Inn in Chandler, Arizona. The hotels were sold on behalf of LNR Property Corporation and RRI NC I LLC, respectively.
Wendy Blissett, vice president and partner of Hotel AG, commented, “These were separate transactions that sold to local operators within their respective markets
. Both buyers plan to make the necessary renovations and keep the current brand.”
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. Today, Hotel AG has 162 hotels on the market in 35 states valued at 1.4 billion. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators.