Company takes on 36 Inland hotels
Published: Mon, Oct. 08, 2007 12:00AM
Modified Mon, Oct. 08, 2007 05:37AM
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closeRALEIGH -- Alliance Hospitality, a Raleigh hotel management company, agreed to manage 36 hotels for Inland Real Estate Investment Trust. Terms of the deal were not disclosed.
Alliance was already managing the properties under Raleigh-based Winston Hotels, which sold its portfolio to Inland this summer in a deal worth more than $800 million.
Inland, like many real estate investors, is diversifying its portfolio to include lodging assets due to strong demand for hotels.
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