ATLANTA-Hotel Assets Group has finalized the transactions on 20 properties out of a 23-hotel property portfolio it recently purchased. The hotels in question are represent a wide range of brands and segments, from four Hampton Inn & Suites locations, to a Candlewood Suites and three Courtyard by Marriott hotels. The average age of the portfolio lies under five years.

In a statement from the brokerage firm, Brad Sinclair, vice president and partner of Hotel AG said, “Wall Street is again purchasing well branded hotels in strong secondary markets and realizing better asset valuations and consistent yield returns for their investors.”

This year, Hotel AG has closed 64 hotel transactions and is currently marketing 15 hotel portfolios of premium Select Service hotel brands. The firm aims to close on all 23 hotel properties from this most recent portfolio over the next few months.