ATLANTA – September 27, 2016 – Hotel AG announced today that in the last several weeks the firm closed a number of hotel transactions. These included a Residence Inn, Hampton Inn and Fairfield Inn in Hazelton, Pennsylvania; a Staybridge Suites in Myrtle Beach, South Carolina; the 13-story Holiday Inn Downtown in Memphis, Tennessee; and a 256-room, full service hotel in Harrisburg, Pennsylvania.
Brad Sinclair, a partner with the firm, remarked, “The public hotel companies and the public debt markets (CMBS) are clearly the bellwether of the hotel real estate industry. The market indicators today are showing sound economic stability and we are seeing transactions mirror that sentiment.”