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AJ Capital Seeks $300 Million to Expand, Pay Debt on Hotels
AJ Capital Seeks $300 Million to Expand, Pay Debt on Hotels Bloomberg 2/10/2021 Gillian Tan and Patrick Clark © Photographer: Bloomberg/Bloomberg A chambermaid prepares a bed in a guest room in this arranged photograph taken inside a Hotel Indigo hotel, operated by InterContinental Hotels Group Plc, in London, U.K., on Thursday, May 8, 2014. InterContinental, the owner of the Holiday Inn and Crowne Plaza brands, said it will pay a special dividend in July after selling the Mark Hopkins San Francisco and an 80 percent stake in the New York Barclay for about $394 million in March. (Bloomberg) AJ Capital Partners is seeking a strategic partner to supply growth capital and pay down property level debt for Graduate Hotels, a lodging brand focused on serving college campuses.
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