Aries, HI Group Form Hotel Service Alliance

Aries Hospitality Group LLC, Chicago, has formed an alliance with HI Group LLC, a commercial real estate investment banking firm with offices in Chicago and New York, according to Aries Hospitality's mortgage banking affiliate, Aries Capital. The alliance will provide hotel investment banking to source, process, and close mid-market and upscale hotel equity and sales transactions in the United States, Europe, and the Caribbean, Aries said. "Hotel transactions today are larger and more complicated than ever," said Neil D. Freeman, chairman and chief executive officer of Aries Capital. "Successful execution requires an in-depth knowledge of brands, capital sources, and development. Our professionals have the expertise and relationships with domestic and international investors to ensure that the goals in each transaction are achieved." The companies can be found on the Web at http://www.ariescapital.com and http://www.higroup.net.