Archives: September, 2009

24 Sep
Greenwood Hospitality Interviewed By Hotel News Now At The 2009 Lodging Conference

09.24.09 – Tom Conran was interviewed by Jeff Higley, Editorial Director of Hotel News Now, at the 2009 Lodging Conference in Phoenix, AZ. Tom discussed why the principals of Greenwood formed a new venture and what their outlook is for the hospitality management and investment market.

HotelNewsNow.com is a division of Smith Travel Research. More information at www.hotelnewsnow.com.

18 Sep
Greenwood Hospitality Interviewed And Featured By Crittenden Research

09.18.09 – Aik Hong Tan was interviewed by Crittenden Research and featured on the front page of their September newsletter. An excerpt from the interview:

“Principal Aik Hong Tan expects to be active during the remainder of the year as he sees properties discounted anywhere from 20% to 50% from the latest peak. … Greenwood Hospitality hopes to acquire 10 to 12 hotels by the end of 2010 through a combination of purchasing distressed properties and adding third-party management contracts. … The company plans to use its relationship with high net worth individuals and several well-capitalized investor groups to acquire upscale select- and full-service hotels that are located in secondary markets. … Anticipate Greenwood to buy properties as all-cash deals when the opportunity arises and don’t be surprised if the company selectively purchases the notes on distressed hotels if they are offered at the right price.”

Crittenden Research Inc. is a leading source of news and analysis on financial markets, insurance, real estate, leisure institutions and sports, with readers nationwide. More information at www.crittendenonline.com.