LIG Assets and GTM Hospitality Identify More Properties to Acquire Utilizing Their Recipe for Success
23 May 2014 - 1:03AM
Following the recent closing of the Wyndham Baton Rouge Hotel, GTM
Hospitality, LLC and LIG Assets, Inc. (OTCPK:LIGA) are continuing
their aggressive push in the hospitality space. With several
properties lined up, the companies believe they now have a recipe
for sustainable and profitable growth.
"It's not growth for the sake of growth," said Marty McDaniel,
CHA, President and CEO of GTM Hospitality. "It's managed growth
with the acquisition of properties that will cash flow right away."
Jeff Love, CEO of LIG Assets agrees, "When you step back and look
at the combined skill sets between the two companies, GTM with its
operational experience and LIG with its finance and real estate
experience, we are truly excited about the opportunity."
The two companies started strategy discussions some six months
ago and have closely analyzed dozens of deals resulting in a
polished pipeline. "As a second generation hotelier, I have been
around every type of hospitality asset known and I can say that we
have some exciting properties we are working on," McDaniel said.
For Love, he is ready to leverage LIG's talents as well and added.
"At LIG, we have been looking for a solid, profitable growth
engine, and now we have found it."
About GTM Hospitality, LLC
GTM Hospitality, LLC is a fully integrated, full service
Management and Development Company with an expanding portfolio of
owned and managed properties based in Panama City, Florida. The
Company is led by long time hotelier, Marty McDaniel, CHA who is
President and CEO.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a Company focused on
residential and commercial real estate. Through its alliances with
hedge funds, mortgage brokers, and hard money lenders, LIG Assets
plans to expand its residential portfolio and increase commercial
property transactions. LIG Assets, Inc. currently trades on the
pink sheets under the ticker symbol "LIGA". For additional
information, please visit LIG Assets corporate website:
www.ligassetsinc.net.
CONTACT: Media Inquiries:
Marty McDaniel, CHA
President and CEO
GTM Hospitality, LLC
Marty.McDaniel@GTMHospitality.BIZ
www.GTMHospitality.BIZ
850-269-7235
Jeff Love
President and CEO
LIG Assets, Inc.
Jeff@LIGAssetsinc.net
214-760-1000
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