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Lane Hotels, Inc. Receives Growth Capital Through Acquistion by AWH Partners, LLC

Lane Hotels, Inc. secured a significant capital investment as well as a strategic hospitality partner focused on sustainable growth through its sale to AWH Partners, LLC (AWH) — a New York-based real estate investment partnership formed by August Group Ventures, LLC (AGV) and Winston Harton Holdings, LLC (WHH). AWH Partners’ purchase is part of an ongoing joint venture with an institutional equity source designed to pursue additional hospitality investments.

Lane Hotels will continue to offer the high standard of operations and management its clients have valued over the last three decades and will grow its offerings through incorporating customer-centric tools, including social media, cutting-edge yield-management and proven operational sales and marketing expertise.

“Our partnership with AWH positions us incredibly well to grow our platform rapidly through expanding our service offerings and acquiring new management contracts, while continuing to provide world-class service to our existing clients,” said Bill DeForrest, president and chief executive officer of Lane Hotels.

Lane Hotels is a national hotel management platform currently managing hotels across the major brands, including Hilton Hotels & Resorts, (IGH) InterContinental Hotels Group and (MAR) Marriott International. Lane Hotels has successfully managed hotel properties for more than 30 years.

“We are very excited about the opportunity to both expand Lane’s dynamic management platform as well as source interesting investment opportunities that we might not otherwise see,” said Jon Rosenfeld, a principal of AWH Partners.

“The Lane platform provides us an excellent opportunity to invest in and grow a highly-recognized brand and expand our investment capabilities into new areas. With dedicated capital, we are also able to achieve synergies by investing alongside our third party owners, and acquiring properties for our own portfolio when opportunities arise,” says Chad Cooley, a principal of AWH Partners.

The acquisition of Lane Hotels signals the first of many purchases from AWH Partners’ ongoing joint venture with an institutional equity source for the pursuit of hospitality investments. The seasoned team of AGV and WHH bring extensive experience in hospitality investment, development and management.