Hotel AG announced today the firm closed a 20-property hotel portfolio this week. The portfolio consisted of 5 Hilton select service hotels, 4 Marriott select service hotels, 8 IHG full and select service hotels, 2 Choice hotels and 1 Carlson hotel. The properties are all less than 5 years old and are located throughout the South Central region of the US. Brands represented include 4 Hampton Inn & Suites, 1 Hampton Inn, 1 Fairfield Inn & Suites by Marriott, 3 Courtyard by Marriott, 1 full-service Holiday Inn, 6 Holiday Inn Express, 1 Candlewood Suites, 2 Comfort Inn and Suites and 1 Country Inn and Suites.
Brad Sinclair, vice president and partner of Hotel AG, who handled the transaction commented, “This transaction represents once again that Wall Street is investing in Main Street because of the asset value as well as consistency of yield return.”
As of today, Hotel AG has closed 64 hotel transactions in 2012. The firm has 253 hotels on the market totaling $2.6 billion in cap value with 23 additional hotels scheduled to close within the next several months. The firm is currently marketing 15 hotel portfolios of premium select service hotel brands. Hotel AG has closed 1 hotel transaction every 7 days for the past 24 months.
About Hotel AG
Hotel AG is a specialized brokerage firm offering hotel specific real estate within the United States. Headquartered in Atlanta, Georgia, the company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Hotel AG can be found online at www.hotelassetsgroup.com.