Inland, Kessler Form $68.5M Hotel Development JVs

Law360, New York (January 27, 2014, 2:37 PM EST) -- Aiming at markets passed over by other luxury brands in the hotel construction upswing, the lodging arm of Inland American Real Estate Trust Inc. and boutique developer Kessler Enterprises have jointly funneled $68.5 million into two new development joint ventures, the companies announced late Friday.

Per the deal, Inland American Lodging Group Inc. and Kessler, both based in Florida, will build two new properties under Marriott International Inc.'s Autograph Collection. The properties will be located in Charleston, S.C., and Mountain Brook, Ala., which have not recently...
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