ATLANTA – January 25, 2015 – Hotel AG announced today the firm has added two new offices in Washington, DC and Philadelphia.
Andy Broad and Brad Sinclair, as co-presidents of the firm, have hired two very seasoned real estate professionals to lead the two new offices. The official launch date is several weeks away and plans are being made to implement and ramp up the two new Hotel AG offices. Both professionals have joined the firm at the partner level, thereby increasing Hotel AG to 18 national brokers and 23 partners.
Hotel AG starts 2016 with the most aggressive pipeline since the firm started in 2007. The firm has 194 hotel engagements totaling $2.8 billion with 81 assets under sale agreement totaling $1.050 billion in real estate value.
Andy Broad and Brad Sinclair jointly observed that given the current concerns over stock pricing, CMBS maturities, interest rates and yield compression, we believe we are late in this cycle and expect hotel transactions to be aggressive for the first part of the 2016 year.
