ATLANTA – December 1, 2014 – Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 11 hotel real estate transactions in the month of November and additionally, has sold or advised on 188 hotel transactions since January of 2013.
Of the transactions closed, 8 were Hilton, Marriott or Starwood branded assets and 4 were full-service hotels. Geographically, the hotels were located from New York to Florida along the Eastern Seaboard of the US. The buyers consisted mostly of REITs and investment firms and the clients represented were across several ownership types.
Furthermore, the firm has closed 5 portfolios within the last 90 days consisting mostly of Hilton, Marriott and Starwood hotels.
“Transaction volume seems to be very focused for the last half of 2014 and the first half of 2015,” commented H. Keith Thompson, principal of Hotel AG. “We believe we are seeing the window that will prove to be the transaction height of this cycle.”
