Hotel AG Announces Recent Closings
September 1, 2015 12:54pm
ATLANTA – September 1, 2015 – Hotel AG announced today the firm’s recent sales transactions. Hotel AG has been involved in 225 hotel sale transactions since January 2013 totaling $2.3 billion in market value. Over that period, the firm has averaged closing 1 hotel transaction every 4 days. Recently, the firm closed a large portfolio transaction in the Midwest, a pure Marriott portfolio in Florida along with a double handful of single asset transactions across the country. All of these transactions were sold on behalf of institutional clients.
Currently, the firm has 196 hotels on the market of which $402 million of market value is presently under sale agreement and expecting to close in Fall 2015.
Brad Sinclair, co-president of the firm, commented, “these recent closings speak to the strength of this market cycle and the fact that buyers and lenders are searching for placement of debt and equity before the market changes.” Andy Broad, also a co-president, added, “the firm has been engaged on many new recent assignments that point to concern in the equities markets and the growing realization that this cycle is changing.”
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hotel assets group
Contact: Wendy Blissett
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