ATLANTA, GA., May 24, 2010—Hunter Realty, a leading national hotel investment services firm, today announced that it had sold or placed under contract 18 hotels in the last four weeks.
“There are definite indications that positive changes are on the horizon,” said Teague Hunter, (top right photo) President. “We are placing hotels under agreement and closing on deals at a much heavier and quicker pace than in recent months.”
“Despite substantial headwinds, people are feeling optimistic. Pricing power is coming back and consumer confidence is returning,” said Teague Hunter. “There are assets in the full-service and upscale segments, which have been on the sidelines, now becoming available.”
Hunter has six offices nationwide and the 18 properties under agreement or sold are
“We have a comprehensive understanding of local market conditions, financing opportunities and qualified buyers. Financing for these hotels was varied and ranged from all-cash to community banks and SBA loans,” Teague Hunter added.
“Deals are out there and through our long-standing relationships in the hotel finance industry, we are able to help our buyers obtain the financing they need. More money is coming to the market every day.
" The majority of the dollars are all chasing the same product; newer, better branded assets in high barrier to entry (top 25 MSA) markets. Values for these assets will remain surprisingly high. There are deals to be made all over the country.”
For more information or to visit current listings, please visit http://www.hunterhotels.net/ or contact Teague Hunter at 770-916-0300 in Atlanta.
Contact: Chris Daly, Jerry Daly media, (703) 435-6293, chris@dalygray.com
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