ATLANTA – April 21, 2014 – Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the last 3 1/2 years. The firm has closed 33 hotel transactions over the past 23 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the Midwest through the Northeast and along eastern seaboard states with several in Florida.
H. Keith Thompson, principle of the firm, commented, “We continue to see great traction in the hotel real estate space across all segments, brand families, geographic regions and seller profiles. We remain very cautious on the length and extent of this market cycle given the looming hotel debt maturities that are scheduled over the next 18 months.”
