ATLANTA – October 31, 2011 – Hotel AG announced today that the firm has closed 5 hotel transactions in the last month. The hotels consisted of one Hilton Garden Inn, one hotel at LaGuardia Airport, two bank REO properties and one limited-service hotel in Chandler, Arizona. The clients represented were a CMBS lender, two whole loan bank lenders, one global ownership group and a REIT.
Keith Thompson, principal of Hotel AG stated, “These transactions represented by this diverse group of s
ellers further points to the continued market recovery and appetite for hotel real estate.”
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.