The Mayton Inn: Team behind The King's Daughters Inn, The Mayton Inn raises cash, plots three new property developments

The husband and wife team behind boutique hotels The King's Daughters Inn in Durham and The Mayton Inn in Cary have just raised $1.6 million from 13 investors, according to a securities filing. The goal, according to a statement put out by the inns' parent company, Rhea Hospitality, is to use the cash "to help position the company for expansion throughout the Research Triangle." And that includes opening more hotels. Colin and Deanna Crossman, a former patent attorney and a cancer researcher,...