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Article: Winston Hotels, Inc. and Noble Investment Group, Ltd. Announce a Strategic Alliance.
- Article from:
- PR Newswire
- Article date:
- July 10, 2000
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Winston Hotels to Provide Mezzanine Debt And Development Services
RALEIGH, N.C., July 10 /PRNewswire/
- Winston Hotels, Inc., (NYSE: WXH), a lodging real estate investment trust, and Noble Investment Group, Ltd., a leading private hotel company, today announced they have entered into a strategic alliance to finance and develop two Hilton Garden Inn hotels located in Atlanta, Georgia and Tampa, Florida and explore other similar upscale Hilton and Marriott opportunities.
The estimated total cost for both hotels is $26.0 million. Last week, Winston Hotels provided $1.08 million in mezzanine funding for the 122-room, Hilton Garden Inn in Atlanta ...