ATLANTA—Can you imagine getting a deal done every five days? That's Hotel Assets Group, a national hotel brokerage firm headquartered in Atlanta, track record for the past three and a half years.
Indeed, Hotel AG just keeps right on getting the deals done. The firm has closed 33 hotel transactions in the last 23 weeks alone and closed 125 hotel transactions in 2013.
“We continue to see great traction in the hotel real estate space across all segments, brand families, geographic regions and seller profiles,” says H. Keith Thompson, principle of the firm. “We remain very cautious on the length and extent of this market cycle given the looming hotel debt maturities that are scheduled over the next 18 months.”
Among the latest deals are Hilton and Marriot upscale select service hotels, bank deals, private deals and full-service hotels. The firm reports most of its recent closings were located in the Midwest through the Northeast and along eastern seaboard states, with several in Florida.
Hotel AG doesn't plan to slow down. The firm has about 169 hotel listings on the market with a cap value of $2.2 billion. The firm's 15 national brokers and 20 partners typically works with CMBS lenders, whole loan banks, REITs, public companies, investment funds, and private investors.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
