Alliance Signs Agreements with Inland
OCTOBER 9, 2007. Alliance Hospitality announced today it had signed 36 hotel long-term hotel management agreements with Chicago-based Inland American Real Estate Trust, Inc. ("Inland American").
Brian Gilchrist, Alliance Hospitality's president stated, "These agreements reflect the recognition of Alliance Hospitality as a major hotel management company for owners and asset managers of premium lodging products." Inland American is one of several major REITS diversifying its portfolio to include lodging assets due to continuing strong performance of the hospitality sector of the economy.
Tom McGuinness, president of Inland American Management, Inc commented, "We chose Alliance Hospitality to manage these properties as we felt that the company's solid track record and superior understanding of the markets these hotels were located in would be value-add to operations."
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