ATLANTA – November 2, 2015 – Hotel AG announced today the company's recent sales transactions. Hotel AG has been involved in 236 hotel sale transactions since January 2013 totaling $2.5 billion in market value. Over that period, the firm has averaged closing 1 hotel transaction every 4 days. Today, the firm has 197 hotels on the market with 67 under sale agreement totaling $907 million.
Over the past few weeks, the firm has closed a full-service hotel in Daytona Beach for a New York based lender, a full-service hotel in the upper Midwest for a Wall Street firm, two full-service hotels in Kentucky and Louisiana for a public company, a Marriott pure portfolio in Florida, an independent hotel in Berkeley, California, a two-pack portfolio in the upper Midwest, and various other closings.
Chris Stark, a senior partner of Hotel AG, remarked, "It is certainly interesting times in the hotel real estate space. Clearly the market seems to be of the opinion that it is not worth risking a down turn for a potentially small remaining upside. Sellers today are choosing to monetize their real estate holdings."
