ATLANTA – April 20, 2015 – Hotel Assets Group, LLC (Hotel AG) is pleased to announce several of the firm’s recent closings were the Hampton Inn & Suites at the San Francisco Airport, The Hampton Inn & Suites in Frazer/Great Valley, Pennsylvania and a completed auction process on a hotel in Louisiana.
Eric Gunderson, a partner located in the firm’s Los Angeles office, handled the sale in San Francisco, and Michael Bernath, from the firm’s Atlanta office, handled the transactions in Pennsylvania and Louisiana.
The firm has been involved in 191 hotel transactions over the last 24 months with many of the assets being Hilton, Marriott, Hyatt, Starwood or IHG brands. Around 15-20% of the assets were full service hotels with the balance being mid-market and upscale select service hotels. The 191 hotels were located in a mix of urban, CBD, resort and tertiary markets; and the sellers and/or buyers were a mix of public companies, REITS, lenders, investment funds and private hoteliers.
