Two experienced hotel and real estate professionals, Marty Schiffman and Morris Lasky, have partnered with two high-net-worth New York-based families to create The Lodging Opportunities Group (LOG), which will acquire and operate troubled institutional-grade hotels in urban and suburban U.S. markets. The properties will range from the economy to luxury segments.

All LOG hotels will be managed by a sister company of Lodging Unlimited, Inc. (LUI), a 40-year-old, third-party hotel management company based in Chicago. LOG and LUI will be joined by their western affiliate, Lodging Unlimited West, located in Scottsdale, Ariz.

Schiffman will lead the company as president. He has been a real estate industry leader for more than 30 years, having participated as managing principal and in senior management roles in over $1 billion in transactions in all asset classes for investment management companies such as Sonnenblick-Goldman, Lehman Brothers and Carl Marks & Co.

Read the rest of the story at National Real Estate Investor.