Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed two separate hotel transactions recently. The transactions included a 187-room Clarion Hotel in Ft. Myers, Florida and a 143-room limited-service hotel in Austin, Texas. Sellers represented include Walnut & Vine Properties, LLC (a Fifth Third Bank Company), and a global ownership group.
The firm’s agents involved in the disposition of the assets were Niven Patel and Wendy Blissett.
About Hotel AG
Today, Hotel AG has 247 hotels on the market totaling 2.6 billion in cap value with 28 additional hotels under sale agreement closing over the next several months. The firm is currently marketing 14 hotel portfolios of premium Select Service hotel brands totaling 156 hotels. Hotel AG has closed 1 hotel transaction every 7 days for the past 24 months. Hotel AG can be found online at www.hotelassetsgroup.com.