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Briefs: AJ Capital seeks partner | Virtuoso cites momentum

AJ Capital seeks US$300M: Nashville, Tennessee-based AJ Capital Partners is seeking a strategic partner to supply growth capital and pay down property level debt for Graduate Hotels, according to a Bloomberg report. The company is seeking as much as US$300 million in a combination of debt and equity, according to people familiar with the matter. More from Bloomberg Canada’s 2020 pipeline: According to the year-end Lodging Econometrics Construction Pipeline Trend Report for Canada, the country’s hotel construction pipeline ended the fourth quarter of 2020 at 270 projects/34,678 rooms, a mere 35 fewer projects than the region’s peak of 305 projects achieved…
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