Hotel brokerage firm Hotel AG finished 2013 having sold or advised on 125 hotel transactions, the company said. Of the 125 transactions, 21 were sold during the months of November and December.
The number transacted for each brand involved were: Courtyard by Marriott – 13; TownePlace Suites – 5; Choice brands - 9; Fairfield Inn/Suites – 8; Hampton Inn/Suites – 13; Wyndham brands - 6; Marriott – 2; Hilton Garden Inn – 16; Residence Inn – 11; Homewood Suites – 6; Independents - 11; SpringHill Suites - 7; IHG - 5; Other brands - 13
“2013 was a good year for Hotel AG. The transactions were across the spectrum in terms of branding, product type, pricing, buyer and seller profile and valuation methodology,” said H. Keith Thompson, principal of the firm. “The current real estate cycle is very diverse and demanding in terms of client expectations and this is a very intense transaction period. Our 4th quarter closings this year were 4 times what they were last year."