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The firm has also announced plans to buy Japanese hotel properties in partnership with Marriott International.
American Real Estate owns and manages office, retail, industrial, residential and hotel properties in 35 states.
The new fund has more than $500 million to invest in hotel properties.
It also holds extensive hotel properties in the United States and Mexico.
Bids for the hotel properties will most likely be due by mid-August, Mr. Cope said.
At the end of the trip, I was scheduled to visit hotel properties in London.
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Beach Village at Hotel del Coronado WHAT Condominium-hotel properties adjoining a historic resort.
Jan deRoos, the Cornell professor, developed branded-hotel properties before entering academia.
Condo-hotel properties elsewhere in New York City are usually too expensive to qualify for such loans.
Owners of the condominium-hotel properties will have the option to enter their units in a rental program and receive a share of revenue.
What about the non-hotel properties?" "They need to hand over all revenue, not just figure out what the profits are," Painter said.
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