Jun
06

Charlotte Holiday Inn Sold

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GF Management, a leading national hotel ownership and management company, announces that one of its affiliate, UPHIC Associates, LLC, has acquired the 174-room Holiday Inn Charlotte University in Charlotte, NC. The hotel will maintain its Holiday Inn flag and will remain open during a scheduled $5 million renovation.

The acquisition of the Holiday Inn Charlotte University is GF Management’s first since 2006, and represents the culmination of a strategy developed to expand the company’s owned portfolio. Jeffrey Kolessar, Senior Vice President Development of GF Management, stated: “We restructured our acquisition division in early 2011 to identify ownership opportunities that match our investment criteria and allow GF to grow through acquisitions, in addition to our thriving management business. This acquisition is the first of many we expect to complete during the coming years either as internal investments or with equity partners.”

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    Categories : Charlotte

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