Latest NewsCarlton Hospitality Group secures 10 hotel deals(30 November 2006 11:44)Carlton Hospitality Group (CHG) has announced it has exclusively secured finance for 10 hotel developments worth more than $1.7b (£869m). The properties involved are:
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Hospitality Group president John Bralower said: “The outlook for the hotel sector remains strong, in terms of demand for existing assets and development of new brands, with capital continuing to flow into the market.” CHG is a division of real estate investment bank The Carlton Group. CHG, which specialises in arranging equity and debt financing for hotels and mixed-use real estate projects with a hospitality component, did more than $1b (£511,000) in deals last year and $500m (£256,000) in transactions in the first half of 2006. By Emily Manson E-mail your comments to Emily Manson here. Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%. Source: CatererSearch |
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