Jerry Herman Forms Investor Group
WASHINGTON, DC, December 15, 2005. Hotel veteran Jerry Herman has joined with real estate and hotel investors William Lipnick and Dr. Robert Lipnick, based here, to form BJB Hotels, LLC.
The new company plans to acquire and develop premium-branded and independent, upscale, full-service, all-suites, extended-stay and limited-service hotels located in urban and top-tier suburban locations.
BJB Hotels will concentrate on hotels along the East Coast, with a focus on the Mid-Atlantic states and Florida.
In addition, the company will provide management and/or asset -management services for its portfolio, as well as consulting services to third-party owners.
The company also will explore strategic relationships with management companies that have expertise with BJB's product type and markets.
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