Partners target $500M in hotel assets.GoldenTree InSite Partners, Aimbridge Hospitality and JF Capital Advisors announced that they have formed a strategic alliance to acquire $500 million of value-added hotel assets over the next two years. "Each of us has dedicated significant resources and capital to ensure that we meet our investment goals and return targets," said Tom Shapiro, president of GoldenTree InSite Partners. "Our successful acquisition this past year of two Doubletree dou·ble·tree n. A crossbar on a wagon or carriage to which two whiffletrees are attached for harnessing two animals abreast. Noun 1. hotels located in the Denver and Dallas areas is representative of the type of opportunities we will pursue going forward. By renovating both properties, we have been able to drive improvements in both rate and occupancy as well as improve operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to venture with GoldenTree InSite and JF Capital," said Dave Johnson Dave Johnson may refer to:
Jonathan Falik, CEO of JF, noted: "The overwhelming success of our initial transaction last year has led to this agreement between our firms. We are very excited about the opportunities in the marketplace and expect to be very active." |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion