NHCohen Partners LLC.
New York City-based NHCohen Partners LLC has completed an equity raise of $6.1 million to facilitate the acquisition of the Comfort Suites Arlington hotel, situated midway between Dallas and Fort Worth along Interstate 30. Affiliates of LBP Hotels and Waramaug LS Hotels, which had a minority interest in the four-story, 108-key, all-suites hotel, acquired 100 percent ownership through LBP Arlington Hospitality, LLC. Ned H. Cohen, president of NHCohen Partners, said members of the limited liability company that owns the Comfort Suites Arlington hotel will receive an annualized preferred return of eight percent and can expect to enjoy partially tax-sheltered dividends and capital appreciation. Asset management will be provided by Waramaug Hospitality.