Horwath & Leisure Create Strategic Alliance
SAN FRANCISCO / LOS ANGELES, CA, September 5, 2006. Horwath Hospitality & Leisure, Chief Executive Officer, Joel W. Hiser and Hotel Financial Strategies, Chairman, Steven H. Gold announced that the two Companies have entered into a strategic alliance agreement designed to enhance the real estate capabilities being offered to their respective clients.
"Our strategic alliance with Hotel Financial Strategies will greatly enhance the ability of Horwath to provide its rapidly expanding client base with both debt placement and equity origination", Hiser stated. "Their stellar track record in completing complex hotel and resort investment banking transactions makes them the perfect match for assisting our real estate brokerage and consulting clients", Hiser added.
About the new strategic working relationship, Steven H. Gold stated, "We are extremely excited about establishing this business relationship with Horwath because it provides us better access to an array of hotel owners and developers on a global basis. Their long established reputation as a worldwide leader in hotel real estate matters was a major factor in our decision to establish this alliance. By combining our debt placement and equity origination capabilities, the two Companies will be extremely competitive in the marketplace". Gold further added, "With the strengths of Horwath's consulting and brokerage divisions, we can now offer a more complete approach to solving the various needs of our clients."
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