Stoneridge Capital Partners' Merage

According to a recent GlobeSt.com hotel webinar, the hardest hit of the five major food groups by the downturn is the hotel sector, so it may come as a surprise to some when an investment company chooses to enter it. To Stoneridge Capital Partners, a private investment company focused on acquiring assets with potential for significant increases in value, it was “an extremely appealing investment opportunity.” GlobeSt.com recently caught up with Orange County, CA-based Greg Merage, CEO of Stoneridge to discuss Stoneridge’s investment strategy, and its forecast for the hotel market.

GlobeSt.com: Tell me a little bit about your recent acquisition of the Hotel Highland in Phoenix. What made it an appealing investment in this market?