CHICAGO: AJ Capital Partners is seeking a strategic partner to supply growth capital and pay down property level debt for Graduate Hotels, a lodging brand focused on serving college campuses.
AJ Capital is seeking as much as US$300mil in a combination of debt and equity, according to people familiar with the matter. The firm has retained Newmark to advise on the fundraising, said one of the people, who asked not to be named because the matter is private.
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