CHM Forms CHM Partners to Acquire Hotels; Roger Clark Joins as Managing Partner

BEVERLY, MA—Capital Hotel Management (CHM), a leading hotel investment, advisory and asset management firm,  has formed CHM Partners LLC, a new division of the company, to acquire hotels primarily as a co-investor with other equity partners.

Hotel real estate veteran Roger Clark (top right photo)  has joined the partnership as a managing partner. He will be responsible for sourcing and negotiating acquisitions. The firm has assembled capital and plans to acquire both full-service and select-service hotels in urban and resort markets.

“When CHM was founded in 2000, investment was a major part of our strategy and execution and we successfully sold those owned assets near the top of the last cycle,” said Ken Wilson, (top left photo) CEO of CHM. “We believe the timing is right to return to our original strategic platform and to again invest in hotels to take advantage of the coming next cycle.

“In our conversations with our investment partners, many remain leery of jumping back into the hotel acquisition ring because of the difficulties of the past two years,” Wilson noted.

 “While the industry appears to have bottomed out, there are still strong headwinds ahead that will require the creative, strategic thinking CHM brings to the acquisition and ownership process.

" We intend to back the confidence in our abilities with meaningful investment. Roger will lead our program in putting transactions together.”

Contact: Jerry Daly, Chris Daly, (703) 435-6293, jerry@dalygray.com