Real Hospitality Group to Manage Investment Fund
Wednesday May 22nd, 2013 - 10:47AM O
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OCEAN CITY, MD—Real Hospitality Group has been selected to manage hotels acquired as part of a nearly quarter billion dollar investment fund representing only the first phase of a hospitality fund.
The first phase will target hotel assets in key leisure destination markets in the United States. Hotels, resorts and both full- and select-service hotels are being evaluated to determine the best match to the acquisition objectives of the fund.
“The foundation of our owner partnerships and the match in our company values have created an ideal relationship that will expand the portfolio into new destination markets,” said Ben Seidel, president of the Real Hospitality Group, said in a statement.
Atlanta-based Jagirdar Management was named as the oversight manager of the hospitality portion of this private equity fund.
Tags: • Hospitality • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.