Linchris Capital Opportunity Fund, LP Acquires the Allegria Hotel in Long Beach, New York

Linchris Hotel Corp.  | May 10, 2021

PLYMOUTH, MA – May 10, 2021 – Linchris Capital Opportunity Fund, LP (including its affiliates, the “Fund”), which is managed by an affiliate of Linchris Hotel Corp., today announced the acquisition of the Allegria Hotel in Long Beach, NY, the eighth investment by the Fund. The Fund makes investments in hotel properties in the midscale to upper-upscale tiers located in the United States. The 156-room, waterfront hotel is being acquired at a substantial discount to new construction cost and is the only full-service hotel in the market with diverse demand drivers and extremely high barriers to entry for future development. Located ...