What do EHT securityholders have to look forward to after expected delisting?

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.