More on way after making most of tough year: AWH exec

The New York-based investment firm AWH Partners capitalized on 2021’s downturn by purchasing five distressed hotel assets and invested roughly $100 million in equity, and managing partner Chad Cooley hopes to double that volume and then some this year. “I think we came up with some fairly creative ideas — we sold rooftops, leased parking lots and we found longer-term groups that never would have stayed in our hotels to generate revenue in a time where there wasn’t any other demand,” Cooley says.