Hotel AG?announced the firm continues to close 1 hotel transaction every 5 days and has done so for the past 3 1/2 years. The firm has closed 26 hotel transactions over the past 18 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the northeast and along the eastern seaboard through the Midwest states.
“2014 looks to be a strong transaction year for Hotel AG. Our client base has grown as well as the product type of current engagements. We have 16 portfolios on the market today with half of those under sale agreements,” commented H. Keith Thompson, principle of the firm. “The financial fundamentals continue to lean toward a seller’s market and the ability to place debt and equity seems to be readily available.”