The 4.5-year-old Aimbridge has marked its largest acquisition todate, doubling its room count with the take-over of the Covington,KY-based REIT's 13-hotel portfolio in nine states and Puerto Rico.AP Aimcap Holdings LLC, the buyer of record, is investing another$37 million to upgrade the hotels, all of which will be keepingtheir Marriott, Embassy Suites, Hilton and Hyatt flags through newlong-term agreements. Renovations have begun; completions arepenciled for the end of first quarter 2008.

David Johnson, Aimbridge's president and CEO, tells GlobeSt.comthat the JV isn't planning to flip any of Eagle's real estatealthough would-be buyers are already knocking on the doors of theNew York City-based and Dallas-based partners. "Initially, nothingwas for sale, but we have been approached by potential buyers," heconfides. "We've now said 'make us an offer.'"

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