Apr
04
Former ARC Hospitality Closes First Phase of $400M Investment
ByRebranded Hospitality Investors Trust, the company has also completed a transition to self-management, having terminated its previous agreement with American Realty Capital Hospitality Advisors.
Now renamed Hospitality Investors Trust Inc., the former American Realty Capital Hospitality Trust Inc. has closed the $135 million initial funding of a $400 million convertible preferred commitment from an affiliate of Brookfield Strategic Real Estate Partners II, a CRE private equity fund managed by affiliates of Brookfield Asset Management Inc., HIT announced late last week…
Former ARC Hospitality Closes First Phase of $400M Investment