Hotel AG announced today the firm closed 5 hotel transactions in the month of January. The brands represented included a Courtyard, Hawthorn Suites, Clarion, La Quinta and an independent bank-owned hotel. The properties are located in the North West, South Central, Mountain Region and Florida. The clients represented included LNR, US Bank, a regional lender and a private seller.
For the trailing 12 months ending January 2013, Hotel AG has closed 79 separate hotel transactions. 40 of the 79 closings were the upper tier, select service brands Hilton, Marriott and IHG. Today, the firm has 278 hotels on the market totaling $2.7 billion with 31 properties under sale agreement expected to close within the 1st quarter of 2013. Hotel AG has closed 1 hotel transaction every 7 days for the past 30 months.
“We believe transaction volume will be sustainable through the first 3 quarters of 2013 and that public money views hotel investments as the ‘darlings of the industry,’” commented H. Keith Thompson, principal of Hotel AG. “That said, we see debt compression as the major obstacle to continued growth in the hotel real estate sector.”
About Hotel AG
Hotel AG is a specialized hospitality brokerage firm offering hotel specific real estate within the US. Headquartered in Atlanta, Georgia, the company has 15 brokers, 19 partners and operates in 48 states. The firm conducts business with REITs, public and private companies, institutional clients and individual owner operators. Hotel AG can be found online at www.hotelassetsgroup.com.