Avison Young Buys Hotel AG, Launches Hospitality Group
Avison Young acquired Atlanta, GA-based hotel real estate brokerage company Hotel Assets Group (Hotel AG). With the purchase, Avison Young launches a new, nationwide hospitality group, with Hotel AG being rebranded as Avison Young.
Twenty-five new members, including 20 brokers, join the company. Keith Thompson, Brad Sinclair, Michael Bernath (Atlanta), Andrew Broad (New York), Chris Stark (Portland, OR) and Eric Gunderson (Los Angeles) become principals of Avison Young. Working together with Avison Young’s senior leadership group, the team will co-ordinate the strategic direction of the hospitality team, and manage its day-to-day operations while advising new and existing clients.
Founded by Thompson and Sinclair in 2007, Hotel AG has been involved in one hotel transaction every five days for the past four years. Today, the firm has 182 hotels on the market, totaling $3 billion in market value, with $600 million worth of properties under sale agreement.
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