Capital Hotel Management (CHM) has formed a new division to acquire hotels as a co-investor with other equity partners.

As the new division, CHM Partners will acquire full-service and select-service hotels in urban and resort markets.

CHM’s target markets are US cities in the full-service sector with hotels that have over 200 rooms and substantial meeting space, food and beverage facilities and amenities.

CHM is in talks with potential joint-venture partners.

CHM is a leading hotel investment, advisory and asset management firm.