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Three Firms JV, Acquire Six Hotel Portfolio

NEW YORK CITY-Goldentree InSite Partners, Aimbridge Hospitality and JF Capital Advisors acquire six hotels containing over 1,000 rooms.

By Natalie Dolce | Updated on August 01, 2007

NEW YORK CITY-GoldenTree InSite Partners, Aimbridge Hospitality and JF Capital Advisors have acquired six full-service hotels containing over 1,000 rooms. All of the properties are located within prime suburban neighborhoods of major metropolitan areas. A source close to the deal tells GlobeSt.com that the selling price is not being disclosed at this time.

Two of the hotels are located outside of Chicago. The others are located outside of Charlotte, Milwaukee, Kansas City and Detroit. This is the second portfolio of hotels the three firms have acquired together during the past year. Lehman Brothers provided the debt financing.

Four of the hotels, located in Schaumburg, IL; Wood Dale, IL; Charlotte, NC; and Brookfield, WI, were recently converted to Doubletree. The other two, located in Overland Park, KS and Novi, MI, are Wyndham Garden Hotels.

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