InnVest Sells for $1.6 Billion

    InnVest Real Estate Investment Trust is selling its portfolio of 109 hotel to Bluesky, a Canadian company backed by Hong Kong, for 2.1 billion Canadian dollars, or $1.6 billion USD, including debt. InnVest’s hotels hold properties managed by Marriott International, Fairmont Hotels & Resorts, Hilton Canada, and Hyatt. Read more here.

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