hotel ag
Avison Young Hospitality Group Announces Recruiting Initiative
Avison Young | February 13, 2017
Firm looking to add talent in the United States and Canada February 13, 2017 ATLANTA – Avison Young, the world's fastest-growing commercial real estate services firm, announced today that its newly formed hospitality group is planning rapid expansion in the United States and Canada. The Hospitality Group, currently comprised of 21 US brokers, has 190 hotels on the market, totaling $3 billion. Since Avison Young announced the purchase of Atlanta-based Hotel Assets Group (Hotel AG) last month, the group has added new brokers in Washington D.C. and expects to add several experienced brokers throughout the United States in the immedia...
Avison Young Hospitality Group Announces Hilton Garden Inn Sale
Avison Young | February 8, 2017
Michael Bernath Andrew Broad ATLANTA – February 8, 2017 – Avison Young's newly formed hospitality group announced today that it advised on the sale of a Hilton Garden Inn in the Midwest region of the United States. The seller was an institutional hospitality platform based in the Southeast and the buyer was a West Coast-based family office. Michael Bernath and Andrew Broad, senior hospitality brokers, represented Avison Young in the transaction. "The sale of Hilton Garden Inn represents a general flight to quality that we are seeing in today's transaction market," said Bernath. "The seller was able to realize a strong retu...
Avison Young Acquires Atlanta-Based Hotel Assets Group, LLC
Avison Young | January 17, 2017
With purchase, commercial real estate firm launches new hospitality service line; 25 members join, Keith Thompson becomes Principal Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has acquired Atlanta-based hotel real estate brokerage company Hotel Assets Group, LLC (Hotel AG). With the purchase, Avison Young launches a new hospitality group that will operate nation-wide in the U.S. Effective immediately, Hotel AG is rebranded as Avison Young. Twenty-five new members, including 20 brokers, join the company. Keith Thompson, Brad Si...
Hotel AG Announces Recent Closings
Hotel AG | December 27, 2016
ATLANTA – December 28, 2016 – Hotel AG announced today that in December the firm closed 5 hotel transactions located mostly in the central US. The sales included a Residence Inn, Hilton Garden Inn, Courtyard by Marriott, Holiday Inn and a Hawthorn Suites in Texas. Chris Stark, a partner with the firm, remarked, "The volatility in the hotel transaction markets seem to have stabilized post-election. These recent sales represent a sharp back to retail pricing. We as a firm are encouraged that this cycle is showing signs of lengthening as the health of the market improves." ...
Terry Sanders Joins Hotel AG and Opens Dallas Office
Hotel AG | November 30, 2016
ATLANTA – November 30, 2016 – Hotel AG announced today that Terry Sanders has joined Hotel AG as a partner and will lead the Dallas, Texas office for the firm. Terry is a 20-year veteran of the hotel industry who most recently played a key role in the growth of Wyndham Hotel Group's U.S. portfolio of hotels. Holding various positions during his career at Wyndham, Terry's most recent role from 2009 to 2015 was as Senior Vice President of Development for Franchised and Managed Hotels for the U.S., as well as Western Canada. While at Wyndham, Terry was responsible for generating over $500 million in ongoing franchised and manag...
Hotel AG Announces Recent Closings
Hotel AG | November 7, 2016
ATLANTA – November 7, 2016 – Hotel AG announced today that over the last several weeks the firm has closed the following hotel transactions - a new Home 2 Suites in Nashville, Tennessee; a Holiday Inn Express in the Washington, DC metro area; a select service hotel west of Huntsville, Alabama; a Carlson hotel in Georgia; and a full service hotel located in Pennsylvania. The brokers involved in these transactions were Chris Stark, Victor Kalyanji, Wendy Blissett and Brad Sinclair. Currently, Hotel AG has 42 hotels totaling $600 million in value in various stages of contract with many closings scheduled over the next 7 weeks. ...
Hotel AG Announces Recent Closings
Hotel AG | September 27, 2016
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 stab...
Hotel AG Announces Recent Closings
Hotel AG | August 24, 2016
ATLANTA – August 24, 2016 – Hotel AG announced today the firm has closed 16 hotel transactions since its last press release. The transactions were located across 11 states and five regions of the US including West Coast, South Central, North Central, Northeast and Southeast. The transactions were comprised of several brands such as Marriott, Hilton, IHG, among other brands and 2 independent hotels located in Pennsylvania and San Francisco. Hotel AG brokers involved in these transactions were Brad Sinclair, Andy Broad, Michael Bernath, Eric Gunderson, Rick George, Niven Patel, Wendy Blissett, Rex Cagle and Thierry Roch. H. Ke...
