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Shaner Hotel Group announces Expansion Plan

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Published on 04/07/10 - Updated on 17/03/22

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Officials of Shaner Hotel Group (SHG) announced plans to acquire between $300 million and $500 million in hotel assets over the near term, possibly as soon as by year-end. The company also announced that its Shaner Mortgage Real Estate Investment Trust (REIT), funded by Shaner and Five Arrows Realty Securities V, L.P., has acquired $90 million face amount of performing first mortgage debt under its previously announced plan to acquire approximately $200 million of debt.

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