| Overview |
- Corporex identified an outstanding location with an underperforming asset, acquired the property and leveraged relationships in the lodging industry to upgrade the flag from Guest Quarters to Embassy Suites.
- Commonwealth Hotels, a Corporex affiliate, assumed management responsibilities.
- In the first year of ownership, GOP margin increased by 7 points.
- In the three years prior to the sale of the hotel, the property GOP margin was, on average, 10 points higher than the competitive set.
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