ATLANTA—Hotel Assets Group, LLC reports that it has 51 hotels under sales agreements that are scheduled to close in the next 90 days.
The Atlanta-based hotel brokerage firm says it has closed one hotel transaction every five days for the past three years, involving a total of 238 transactions over that period.
“We see very strong demand in hotel real estate investing, but we remain concerned the selling window is beginning to close. Every year transactions seem to cluster at various periods throughout the year and in 2014 it seems to be the second half of the year. Our transactions 2014 year to date have outpaced the same period for 2013,” Hotel Asset Group Principal H. Keith Thompson says.
Hotel Assets Group has approximately183 hotels on the market with a market cap value of $2.2 billion.
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