RockBridge busy with hotel investments

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24 January 2012
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • Rockbridge earlier this month acquired for an undisclosed price a 103-room Hampton Inn & Suites hotel in Washington, Pennsylvania, and a 113-room Homewood Suites property in Canonsburg, Pennsylvania.
  • The company does not have a target number for investments it is trying to reach.
  • Debt philosophy: “A low leverage loan on a performing hotel, we don’t think we’re taking on a lot of risk,” managing director Bruce Lowrey said.

The investment company acquired two Pennsylvania properties and is recapitalizing the Wynfrey Hotel in Birmingham, Alabama.
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