ATLANTA – January 5, 2015 – Hotel Assets Group, LLC (Hotel AG), announced today the firm has sold or advised on 194 separate hotel transactions during the 2013 and 2014 years.
The firm closed 194 transactions including 169 select service hotels, 25 full-service assets and 12 portfolios. The brands represented were 17 Courtyard by Marriott, 16 Fairfield Inn, 12 Residence Inn, 11 Springhill Suites, 6 Townplace Suites, 8 Marriott/Hilton/Starwood full-service hotels, 20 Hilton Garden Inn, 7 Homewood Suites, 13 Hampton Inn, 8 Hampton Inn & Suites, 5 Holiday Inn, 3 Holiday Inn Express, 1 Staybridge Suite, 8 Wyndham branded hotels, 17 Choice branded hotels, 3 Carlson branded hotels, 10 Red Roof Inn and 29 other branded and independent assets.
Brad Sinclair, a senior shareholder with the firm, remarked, “The current hotel transactional space is unlike any point in history. We believe we are in the 5th inning of this cycle with a lot of road in front; but while we believe this cycle has 2 to 4 more years ahead, we also believe the future transaction space will be largely led by the firms with deep experience.”
Andy Broad, a senior partner of Hotel AG, also commented, “Transactions are becoming more complicated due to very high PIP requirements, replacement value and new supply. Navigating through these issues take a real expertise.”
