Hotel Equities, Alliance Form JV With Eye Toward Expansion

Law360, New York (September 10, 2013, 6:35 PM EDT) -- National hotel management firms Hotel Equities Group LLC and Alliance Hospitality Management LLC have formed a major, multistate joint venture, looking to expand both their businesses, the companies announced Tuesday.

With the deal, the two companies expect to expand their presence in the hotel space, offering owners and investors the benefit of both companies' expertise, according to a statement. Together, the companies will boast a 55-hotel portfolio that spans 14 states.

Financial and other details of the deal were not disclosed, but together the two companies...
To view the full article, register now.