Haousing

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Presentation Description

The Falor Companies, a hospitality firm with offices in Miami and Chicago, has positioned itself as the leader in the condo-hotel industry with a large portfolio of acquisitions currently totaling 15 properties. The company attributes their rapid growth to a $25 million investment from The Mitchell Companies, a Miami-based commercial property owner. "The key to our rapid success comes as a result of the significant cash investment from The Mitchell Companies," said Robert Falor, president and CEO of The Falor Companies. "With the cash infusion, we have the advantage of being able to preemptively acquire hotel assets for condo-hotel conversions." Two years ago as the condo-hotel industry trend began, Falor realized that the key to success was to have the funding to be able to initiate hotel purchases before the property goes to market. According to Guy Mitchell, president of The Mitchell Companies, Falor found a niche and developed a unique business plan with impressive turnaround times. "I invested during the inception, which has proven to be a profitable venture as The Falor Companies has implemented an aggressive growth strategy with huge success.

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