Hotel Assets Group, LLC sells equity stake in company 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.” About Hotel AG Hotel AG is a hotel brokerage firm with a market specialty in Select Service hotels focusing primarily on upscale mid-market assets. Currently, Hotel AG has approximately 50 hotels totaling $600 million on the market and has closed 17 transactions totaling more than 2,000 guestrooms within the last 10 months. About Cassidy & Pinkard Colliers Cassidy & Pinkard Colliers (www.cassidypinkard.com) is the largest locally owned full-service commercial real estate services company in the Washington metropolitan region. The ownership of Cassidy & Pinkard Colliers has offices in 16 top US cities. In 2007, Cassidy & Pinkard Colliers completed over $4.2 billion in commercial sales, finance and lease transactions, $75 million in project management, and at year-end, managed over 13 million square feet in commercial and retail properties. Cassidy & Pinkard Colliers was recognized in June 2007 by the Washington Business Journal as one of the top five “Best Places to Work in Greater Washington” in the Large Companies with Local Headquarters category. Founded in 1981, the company is a member firm of Colliers International, a global affiliation of independently owned and operated commercial real estate firms. |
Login
