Consultants check in at five national hotels.The Plasencia Group, Inc., the leading hospitality transaction and consulting services firm representing owners of hotels, resorts, and golf courses, has been selected to advise FelCor Lodging Trust (in its disposition of five hotels totaling more than 1,800 rooms in five states. FelCor identified these hotels for sale in late 2003. The hotels include The Crowne Plaza This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Hotel, Hartford, Connecticut (350 rooms) and The Crowne Plaza Hotel, Secaucus, New Jersey
Secaucus is a town in Hudson County, New Jersey, USA. As of the United States 2000 Census, the town population was 15,931. (304 rooms). The Plasencia Group will market the assets as single-sale transactions, however, a portfolio sale will be considered. The hotels can be acquired free of management and franchise encumbrances. Lou Plasencia, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Plasencia Group said, "This group of assets also offers upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar here for the entrepreneurial investor. "These hotels will clearly be viewed by qualified investors as very economical repositioning opportunities." |
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