Hotel AG Brokers Sale of Kentucky Portfolio
ATLANTA, GA - September 19, 2011 - Hotel Assets Group, LLC (Hotel AG), announced today they closed two hotels in Carrollton, Kentucky on behalf of Sterling Bank, a division of Comerica Bank. The portfolio included an 84-room Econo Lodge and a 62-room Inn Place Suites. The property sold to K&A Host, LLC for an undisclosed amount.
"The buyer understood the challenges of the hotels at the local level and plans to undergo extensive renovations to re-brand and reposition the hotels to better compete in the market," stated Victor Kalyanji, vice president and partner of the firm.
At the time of sale, the Econo Lodge was closed for business and the Inn Place Suites was open.
About Hotel AG
Headquartered in Atlanta, Georgia with 19 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Today Hotel AG has 129 hotels on the market in 33 states valued at $1.3 billion. Hotel AG can be found online at www.hotelassetsgroup.com.
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 
