East Hartford, CT, March 13, 2009 --(PR.com
)-- Capari Group, Inc. (CG), announced today that it has brokered its first major flagged hotel deal. The deal comes as Capari Group, Inc. prepares to celebrate its 2nd anniversary in 2009. A rescue attempt designated to help save its owners from potential foreclosure. CG was able to negotiate with the judge minutes before an attempted foreclosure sell, by procuring a ready willing and able buyer. Capari was successful in this designation by providing the judge a non refundable earnest money deposit, securing their buyer’s position as new owners of the hotel weeks later. “We’ve done many deals, but none have unfolded quite like this one,” said Nikhil Patel, Managing Partner of Capari Group, Inc. “This was one of those deals that came to us at the last minute and we worked countless hours around the clock to finalize this transaction. We owe a lot of thanks to our legal counsel, Jacobs & Sodipo for working diligently and helping to ensure this process was closed within the proposed timeframe.” Capari Group, Inc. plans to continue its efforts in selling distressed assets and is in the process of negotiating several other deals, despite all of the volatility in the financial sectors.