Hotel AG Has Nearly $1B Under Contract
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At the end of its first quarter, Hotel AG has 71 hotels under sale agreement. A
ATLANTA—Hotel AG is doing some serious hotel business. At the end of its first quarter, the firm has 71 hotels under sale agreement. All told, that equals $974 million in closings in the next few months.
The brands under agreement include: 14 Hampton Inns; seven Courtyards; seven Hilton Garden Inns; six SpringHill Suites; eight TownePlace Suites; one full-service Marriott; one Hyatt; one Homewood; three Holiday Inn brands; three Fairfield Inns; one Staybridge; six Choice flags; five independents; and eight other branded assets…