Investment Company Behind New Utica Shale Hotels Moving On to Other Plays
Drill Capital LLC, the investment company that has opened one hotel in the Utica shale and is working on a second, has plans for one more eastern Ohio hotel.
Then it’s on to other emerging oil and gas areas.
Drill Capital’s 80-room Microtel Inn and Suites, part of the Wyndham Hotel Group, opened in Carrollton last Wednesday, founder Farid Guindo told me.
The New York-based firm had hoped to lure a restaurant chain to Carrollton, the county seat of Carroll County and home to oil and gas activity and related travel. But Guindo said restaurants want to wait to ensure there’s enough people staying at the hotels. A restaurant is off the table for now.Click here to read the whole article.
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