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 the 222 hotels under management, 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 for the purpose of investment management and to further Miltonís life long passion of the acquisition and development of real estate.
Late 1980's / Early 1990's
Mid to Late 1990's
1998 and Beyond
Legacy of Excellence
FFC Capitalís role as an investor and owner of real estate investments across the country began in 1998, but the corporationís heritage as a real estate investor and hospitality industry leader goes back much further. FFC Capitalís pedigree comes from Chairman, Milton Fine, a self-made entrepreneur that has earned a reputation as one of the outstanding leaders in the lodging industry. Beginning in 1960 with one motel in Erie, PA, Milton co-founded Interstate Hotels Corporation (IHC) and built IHC into the largest independent hotel management company in the United States.
Under Milton's leadership, IHC was behind some of the world's most prestigious hotels and resorts, including the New York Palace, the Hay Adams in Washington, DC, the Sawgrass Resort in Ponte Vedra Beach, FL, and the Grand Hotel in Moscow, Russia. In 1998, Milton sold IHC to Wyndham Hotels and Resorts (formerly Patriot American Hospitality) and he formed FFC Capital with the Fine family and a select group of IHC senior executives. In a short period of time with the continued focus of growth, value creation, and performance returns, FFC Capital has built an exceptional real estate portfolio of unique properties diversified by location, brand and industry segment.
A Position of Strength
Over the last four decades, Milton Fine has become a proven lodging industry leader and his accomplishments include: