|
|
Article: Capital Hotel Management Selected for Seven Asset Management Assignments; Growing Number of Owners Seeking Asset Management Services During Downtrend.
- Article from:
- Business Wire
- Article date:
- February 3, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
BEVERLY, Mass.--(BUSINESS WIRE)--Feb. 3, 2003
Capital Hotel Management (CHM), a leading hotel and resort asset management and investment firm, announced today that it has been retained in the past quarter to asset manage seven upscale urban hotels and conference centers.
The properties, owned by three different privately-held groups, include a conference center in Pennsylvania and upscale hotels in New York, Los Angeles, Washington, D.C. and Dallas.
The announcement reflects a growing trend among owners who seek asset management services as the hotel industry enters its third year of declining revenue per available ...