LEBANON, OR Country Maid Financial announced that its subsidiary, Territorial Inns Management, has recently negotiated an agreement in principal with True Visions Co. LLC and its affiliates, whereby True Visions will purchase up to 8 lodging properties over the next two years.
The properties will be leased with an option to purchase to Territorial Inns Management. The affiliates of True Visions are in the business of purchasing lodging facilities throughout the United States.
Territorial Inns Management also announced a lease agreement with an option to purchase the Southfork Motel located in Bloomfield, IA. It is anticipated that this property will add $250,000 in revenue annually to the company. (11/15/00)