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FFC Capital Corporation was founded in 1998 by Milton Fine, former Chairman and co-founder of Interstate Hotels Corporation (IHC). From its founding in 1960, Milton built IHC into the largest independent hotel management company in the country, with 222 hotels and 45,413 hotel rooms under management throughout the United States, Canada, US Caribbean and Russia. Of these, IHC owned or had controlling ownership interests in over 41 hotels. In 1998, Milton sold IHC to Wyndham Hotels and Resorts (formerly Patriot American Hospitality) for $2.1 billion. Following the sale of IHC, Milton formed FFC Capital with the Fine family and a select group of IHC senior executives. FFC invests directly in certain private equity partnerships, which are often 'off the radar' of FOFs and can be relationship based, sector funds, 'fund ones,' or smaller/ more boutique type strategies. In addition, FFC invests in direct venture capital/ PE deals. The firm is developing a market rate alternative for independent senior living for those residents who no longer desire to own but want to stay in the community. FFC Capital invests in various long-only strategies including ETFs, long-only mutual funds/ separate accounts and direct stock and bond positions.
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