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InnVest REIT enters into definitive agreement with Bluesky Hotels and Resorts to be acquired for U.S. $1.6 billion

from Hotel Online

InnVest Real Estate Investment Trust and Bluesky Hotels and Resorts Inc., a privately-held Canadian company, are pleased to announce that they have entered into an arrangement agreement pursuant to which Bluesky will acquire all the issued and outstanding units of InnVest for $7.25 in cash per unit, pursuant to a court-approved plan of arrangement. The proposed transaction values InnVest at approximately $2.1 billion, including the assumption of InnVest’s net debt. more

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