Hotel AG Sells Hilton Garden Inn Columbia, SC
ATLANTA, GA, September 24, 2008. Hotel Assets Group, LLC known as "Hotel AG", announces today that it has closed the transaction for the 143 room Hilton Garden Inn hotel located in Columbia, South Carolina. Hotel AG has seven alliance offices located in South Florida, Baltimore, Washington, Memphis, Louisville, Los Angeles and the greater Boston region.
The seller was Newport Hospitality Group headquartered in Williamsburg, Virginia and the buyer was Apple REIT headquartered in Richmond, Virginia. The property will continue to be managed by Newport Hospitality on a going forward basis. Newport Hospitality currently manages 28 hotels located along eastern seaboard states and is widely respected within the lodging industry.
'The property sale represented a very timely transaction for both the buyer and the seller. The Hilton Garden Inn is a well located and very desirable hotel' said H. Keith Thompson.
Hotel AG is a specialized hotel brokerage firm with a market specialty in Select Service hotels with a per property market value under $25,000,000. Hotel AG is lead by long time industry professional H. Keith Thompson and primarily focuses on upscale Select Service hotels such as this Hilton Garden Inn. Hotel AG is not focused on geographic location, status, price or brand, rather Hotel AG is client driven and client specific. Hotel AG is currently marketing many similar hotel assets that can be found on the following website.
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 
