Monday, April 30, 2007

UPDATE 1-MHI Hospitality, Carlyle in JV to buy, manage hotels

(Reuters) - Carlyle's flagship U.S. real estate fund, Carlyle Realty Partners V , will commit up to $100 million of equity capital to the joint venture for 36 months, MHI Hospitality said in a statement.

MHI Hospitality will identify potential investment opportunities worth more than $30 million and Carlyle will fund up to 90 percent of the acquisition, it said.


Read more at Reuters.com Mergers News

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