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Adam's Mark Chain to Sell Six Hotels to Kentucky Company.
Byline: Peter Shinkle
Dec. 11--Stung by falling room-occupancy rates and by allegations of racial discrimination, the Adam's Mark hotel chain has agreed to sell six of its 24 hotels to a Kentucky company.
Bill Yung III, president of Columbia Sussex Corp. of Fort Mitchell, Ky., said Monday that his company entered a contract Nov. 28 to acquire Adam's Mark hotels in Memphis, Tenn.; Houston; Philadelphia; Columbia, S.C.; Clearwater, Fla.; and Colorado Springs, Colo. He declined to release the sale price for the group of hotels, which have a total of about 2,400 rooms.
Fred Kummer Jr., chief executive of HBE Corp., which owns the Adam's Mark chain, said last week that the terrorist attacks Sept. 11 prompted him to …
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