DALLAS–Behringer Harvard Holdings LLC (Behringer) is branching out, with the announcement yesterday that the firm will launch Behringer Lodging Group LLC (BLG), a hospitality-focused joint venture.
Led by managing directors Matt Comfort and Jeff Burns, it will focus on acquiring and repositioning hotels across the country. Comfort and Burns entered the venture through Bullwhip Capital Partners LLC.
“Despite the reemergence of hotels as a strong real estate asset class in major markets across the U.S., significant opportunity remains for capital-deprived properties in smaller markets to rebuild their operating performance,” Robert S. Aisner, president and CEO of Behringer, told GlobeSt.com.
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