Monday Q&A: It’s up from here
November 23, 2009 by Al Harris · 2 Comments
If you picked the industries most under stress right now, the hotel and commercial real estate businesses would likely be in the top five.
This week BizSense caught up with a guy who is in the thick of both.
Glade Knight is the chairman and CEO of Richmond-based Apple REIT Companies, a collection of real estate investment trusts that own hotels across the country. In January 2008, the firm purchased the Richmond Marriott for $53 million. This past spring the company completed a $14 million renovation of the hotel, which included the opening of a new sports bar, T. Miller’s, over the summer. (You can read about that here.) Read more
