May 4, 2021
Hospitality Investors Extends Potential Restructuring Support Agreement Deadline

Hospitality Investors Trust Inc. amended the agreement of its operating partnership, Hospitality Investors Trust Operating Partnership LP, with Brookfield Strategic Real Estate Partners II...

Hospitality Investors Extends Potential Restructuring Support Agreement Deadline

May 3, 2021 | S&P Global Market Intelligence

Hospitality Investors Trust Inc. amended the agreement of its operating partnership, Hospitality Investors Trust Operating Partnership LP, with Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC.

The amendment states that if the two parties did not reach a restructuring support agreement on May 14 (extended from April 30), the operating partnership would be required to redeem 60% of the class C units paid as distributions on Dec. 31, 2020 and March 31, subject to certain conditions.

Hospitality Investors has been in talks with Brookfield, which owns all of the issued and outstanding units of limited partner interest in the operating partnership, to enter into a series of deleveraging or restructuring transactions including a pre-packaged bankruptcy.

Source:  S&P Global Marketplace Intelligence

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now