AWH Partners Acquires Lane Hospitality

NEW YORK (April 24, 2012) – AWH Partners, LLC -- August Group Ventures, LLC (AGV) and Winston Harton Holdings, LLC (WHH) -- has announced a joint venture to purchase Lane Hotels, Inc., the nationally recognized hotel company, as well as individual hotels owned by Lane Hospitality, LLC, for an undisclosed price. AWH Partners’ purchase is part of an ongoing joint venture with an institutional equity source designed to pursue additional hospitality investments.

“With the infusion of capital we are contributing through AWH Partners, the recapitalization of Lane Hotels will bring a renewed focus on portfolio growth while continuing to deliver a high caliber of service to Lane’s existing clients,” said Chad Cooley, president of August Group Ventures.

“We are confident that this high-quality portfolio will further flourish under the hands-on asset management skills we bring to the table,” said Jon Rosenfeld, owner and co-founder of Winston Harton Holdings. “The purchase of Lane Hospitality presents an attractive opportunity for us to continue expanding our presence in the hospitality investment area." more >>>