"As the hotel industry emerges from one of the deepest economicrecessions in history, we believe that many exciting opportunitiesare emerging to grow our portfolio of hotels through newinvestments and property acquisitions," says Gregory Armstrong,president of Wedge Real Estate Holdings Inc.
Wedge Hotels Corp. currently operates four properties: RadissonHotel and Suites, Chelmsford, MA.; Sheraton Suites, Houston, TX.;Wyndham Boston Chelsea Hotel and Marriott Courtyard, Shelton, CT."The company's financial strength and commitment to grow present anexciting opportunity to expand this business at an opportune timein the economic cycle," Stage notes. "Our goal is to doublethe size of the current Wedge hotel portfolio in the next two yearsand triple it by 2013," he adds.
Stage said that he is actively seeking hotel investmentopportunities in the northeastern US and Texas, where the companyalready has assets, and that they will seek acquisitions in otherparts of the country that enable Wedge Hotels to develop propertiesin geographic clusters.
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