Press Release: Harrell Hospitality Group, Inc.
December 11, 2001
DALLAS, TX -- Harrell Hospitality Group, Inc. (OTCCBB:HLTLA) yesterday announced that the Company has entered into
a strategic alliance with Galway Financial Group, Inc., wherein Galway will provide equity and assist Harrell in
securing hotel purchase, leasing and management opportunities.
Galway Financial Group, Inc. is a real estate investment bank with offices in Greenwich, Conn. and London specializing
in structuring capital market solutions for clients' financing needs. The principals of the firm have arranged
over $2.5 billion in real estate financing and, as individuals, acted as principals in over $1.5 billion of sale-leaseback
and other real estate related transactions.
Paul Barham, Chief Executive Officer of Harrell Hospitality Group, Inc. stated, ``We are very pleased to have entered
into this relationship with Galway, as their skills are complementary to ours, which will enable us to capitalize
on the current opportunities in the hospitality industry.''
Harrell Hospitality Group, Inc. is a hotel investment and management company with offices in Dallas and London,
which operates full service hotels and is an approved franchisee of Marriott, Hilton, Sheraton, Holiday Inn and
others.
For information about the Company, contact Paul Barham at 972/380-0273 or via email at pbarham@harrellhospitality.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions
that in the future may prove not to have been accurate and are subject to significant risks and uncertainties,
including statements to the future financial performance of the Company. Although the Company believes that the
expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations
or any of its forward looking statements will prove to be correct. Factors that could cause results to differ include,
but are not limited to, successful performance of internal plans, product development and acceptance, the impact
of competitive services and pricing, or general economic risks and uncertainties.
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Contact:
Harrell Hospitality Group, Inc., Dallas
Paul Barham, 972/380-0273
pbarham@harrellhospitality.com