Worldhotels and JF Capital Advisors Create Joint Strategic Partnership
JF Capital Advisors to provide access to capital markets for Worldhotels' portfolio of independent luxury and upscale hotels
NEW YORK - December 10, 2014 - Worldhotels and JF Capital Advisors today announced the execution of a joint strategic partnership. Worldhotels is one of the leading groups for independent luxury and upscale hotels worldwide. JF Capital Advisors is a New York-based hospitality investment and advisory firm.
Under the agreement, JF Capital Advisors will provide financial consulting and investment advisory services for hotel owners whose properties are Worldhotels affiliate members. JF Capital Advisors will assist hotel owners in raising equity and debt capital for a variety of needs including development, acquisitions, refinancing and renovations.
"Our new strategic partnership with JF Capital Advisors is a great opportunity for our current and future affiliates who need access to the constantly changing capital markets," said Thomas Griffiths, vice president, Worldhotels-The Americas. "Whether they need to raise capital for renovations, refinancing or other growth opportunities, JF Capital Advisors will be our partner to provide personalized, high-quality service to help them meet their needs and grow their business."
Worldhotels is a global group of independent hotels offering a comprehensive range of services that includes global marketing, sales, training, ecommerce and state-of-the-art technology. With a collection of almost 500 hotels in 250 destinations and 65 countries, Worldhotels backs independent hotels with the power of a global brand while preserving their individual character and unique identity.
"We are extremely excited to bring our services to Worldhotels' member properties," said Jonathan Falik, CEO, JF Capital Advisors. "Our team has completed over $25 billion of acquisitions, dispositions and capital markets transactions in the hospitality sector. We look forward to bringing our extensive expertise to the Worldhotels growing portfolio of hotels."
Company Contacts:
Worldhotels-The Americas<
Thomas Griffiths, Vice President
07.363.9300 x305
Bonnie Somerstein
Senior Director of Hotel Development
212.835.2542
JF Capital Advisors
Jonathan Falik, CEO, 917.238.6917
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