Inland American Real Estate Trust, Inc. Forms Two New Joint Ventures with Kessler Enterprises to Develop Two Hotels in South Carolina and Alabama (pdf link).

Posted on January 24, 2014 at 3:01 am.

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Oak Brook, Ill. – Inland American Lodging Group, Inc. (IALG), a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (Inland American), announced today that it has formed two new joint ventures for a combined investment of $68.5 million with Kessler Enterprises. The joint ventures will focus on developing two luxury boutique hotels, totaling 150 rooms, in Charleston, S.C., and Mountain Brook, Ala., a suburb of Birmingham. Both hotels will be affiliated with Marriott’s Autograph Collection, a collection of high quality boutique hotels known for their rich character and unique details.