Hotel AG Brokers Sale of Red Roof Inn in Tampa-Brandon Area
ATLANTA, GA - November 21, 2011 - Hotel AG announced today that the firm brokered the sale of the Red Roof Inn in Tampa-Brandon, Florida on behalf of RRI NC I LLC. The 120-room property sold to Saihari Inc. for an undisclosed amount.
Victor Kalyanji, vice president and partner of the firm, stated, “On this transaction we worked with an out of state buyer who secured SBA financing, stated Victor Kalyanji, vice president and partner of the firm. “The buyer will be planning renovations in stages to re-position the property in the market.”
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. Today, Hotel AG has 162 hotels on the market in 35 states valued at 1.4 billion. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. 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 
