Hotel AG Sells Equity Stake to Cassidy Pinkard Colliers
ATLANTA, GA, September 16, 2008. Hotel Assets Group, LLC ("Hotel AG") announced today Cassidy & Pinkard Colliers has acquired an equity stake in the company. The partnership between the two firms gives Hotel AG and Cassidy & Pinkard Colliers the depth to better serve their clients that own and develop hotels and gives Hotel AG access to 16 of the top US markets where Cassidy Pinkard Colliers' has regional offices.
H. Keith Thompson, the founding principal of Hotel AG, commented, "the coming together of Hotel AG and Cassidy & Pinkard Colliers brings a great deal of depth to our hotel specialty as well as to the Cassidy & Pinkard Colliers' organization. Collectively we will have detailed market knowledge in cities throughout the US as well as the ability to access capital globally."
Robert M. Pinkard, Chairman of Cassidy & Pinkard Colliers, stated, "I am excited about this new partnership, as it will allow us to be extremely competitive in the Select Service hotel arena, giving all of our brokers the opportunity to offer best-in-class execution to our clients in another property type."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
