X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Locally based Hotel Assets Group LLC has sold an equity stake in the company to Cassidy & Pinkard Colliers, a Washington, DC-based commercial real estate services firm. The value of the transaction was not immediately available.

The result is a partnership that gives Hotel AG greater depth to its specialty sector, along with access to 16 top markets where Cassidy & Pinkard Colliers has regional offices. “Collectively we will have detailed market knowledge in cities throughout the US as well as the ability to access capital globally,” says H. Keith Thompson, Hotel AG founding principal.

In turn, the partnership allows Cassidy & Pinkard Colliers to compete in the select-service hotel sector, adding a new property type to its current offerings, according to Robert M. Pinkard, the firm’s chairman. Cassidy & Pinkard Colliers claims at least $4.2 billion in commercial sales, finance and lease transactions completed last year, plus $75 million in project management and 13 million sf in commercial and retail properties managed.

Hotel AG, which has 14 offices nationwide beyond its Atlanta headquarters, focuses primarily on upscale mid-market assets. It currently has 50 hotels totaling $600 million on the market and has closed 17 transactions totaling more than 2,000 guest rooms over the last ten months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.