What do EHT securityholders have to look forward to after expected delisting?
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IT has been clear for some time that stapled securityholders of Eagle Hospitality Trust (EHT) would have to write their investment off. But for any still holding on to some hope, a recent announcement has put their plight in no uncertain terms.
On July 30, it was announced that an agreement has been made to sell the Crowne Plaza Dallas Near Galleria-Addison to the original owner Lockwood Development Partners for US$15.5 million.
With this sale, EHT will have offloaded 15 of its 18 hotel properties. The 14 hotels already sold have raked in net proceeds of US$478.6 million.
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