Aries Hospitality Group LLC, an affiliate of Chicago-based mortgage banking firm Aries Capital, has formed a strategic alliance with HI Group LLC, with offices in Chicago and New York.
The Aries Hospitality Group/HI Group strategic alliance will provide hotel investment banking in order to jointly source, process and close hotel equity and sales transactions. The alliance specializes in mid-market and upscale institutional hotel quality assets valued from $15 million to over $100 million in the U.S., Europe and the Caribbean, the companies add.
Aries Hospitality Group's Neil Freeman and HI Group's Paul Weimer will lead the alliance, and Ariel Freeman will serve as vice president of the group's New York office.
‘The strategic alliance of these two market experts will enable the group to provide a unique consultative approach, focusing on establishing and building quality relationships,’ says Weimer. ‘This is an exciting venture, and we are confident that together, Aries Hospitality and HI Group will create a valuable resource for those seeking assistance with hotel investment banking services.’
Source: Aries Hospitality Group
