June 27th, 2007
Hotel group looking for investment partner - Carlton Advisory Services to arrange capital for investment in hotels in link with Thompson Hotels - Brief Article
Carlton Advisory Services’ chairman Howard L. Michaels announced that the Canton Equity Exchange has been exclusively engaged to line up an institutional capital partner to co-invest with Thompson Hotels, a wholly owned subsidiary of The Pomeranc Group, to opportunistically acquire approximately $200 million of boutique hotel properties.
Thompson Hotels is sponsoring the partnership to pursue opportunistic acquisitions of properties located in New York, Miami, Boston, Washington DC, Chicago, Los Angeles, and London that are suitable for the acquisition, redevelopment, and operation of boutique hotels. Additionally, the partnership will facilitate the arrangement of hotel management contracts and joint ventures as a way to further expand into select markets and generate additional fee income. Carlton executives Jason Cohen and Marc Sznajderman will be assisting Michaels with the execution of this assignment.