LionTree and Delaware North Bet on Real Estate Developer Seregh

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Seregh, a firm looking to develop real estate adjacent to sports venues, named Delaware North, a food-service and hospitality company, and LionTree, a merchant bank that specializes in media, sports and technology, as strategic investors.

“We’ve seen firsthand how strategic real estate investment can transform a venue into an economic and cultural powerhouse,” Amy Latimer, Delaware North’s chief operating officer, said in an emailed statement.