3 investors form group to purchase hotels

Robert Solmson, founder of RFS Hotel Investors, and Ed Ansbro, former senior vice president of Equity Inns, are joining Richard Reiss, a former RFS board member, to form Fairwood Hospitality Investors. The new group plans to acquire as much as $300 million worth of hotels during the next three years.

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Commercial Appeal (Memphis, Tenn.) (free registration), The

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