Hotel group looking for investment partner.Carlton Advisory Services' chairman Howard L. Michaels announced that the Canton Equity Exchange has been exclusively engaged to line up an institutional capital partner to co-invest with Thompson Hotels, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Pomeranc Group, to opportunistically acquire approximately $200 million of boutique hotel Boutique hotel is a term originating in North America to describe intimate, usually luxurious or quirky hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized level accommodation and services / facilities. properties. Thompson Hotels is sponsoring the partnership to pursue opportunistic acquisitions of properties located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Miami, Boston, Washington DC, Chicago, Los Angeles, and London that are suitable for the acquisition, redevelopment, and operation of boutique hotels. Additionally, the partnership will facilitate the arrangement of hotel management contracts and joint ventures as a way to further expand into select markets and generate additional fee income. Carlton executives Jason Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and Marc Sznajderman will be assisting Michaels with the execution of this assignment. |
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