TRELI was formed to acquire distressed limited service and select/focused service hotels throughout the United States, with a preference for the South, Southeast and Midwest regions. The firm is targeting the purchase of notes as well as hotel asset purchases in the $5-$15 million range. TRELI was formed as the logical next step in the progression of the T.R. ENGEL Group (www.trengelgroup.com), a family-owned, lodging-focused asset manager advising institutional hotel owners for decades on assets from Boston to Germany to Dubai.