Business Services Industry
Fairmont Hotels & Resorts agreed to sell 12 million units of Legacy Hotels Real Estate Investment Trust in a block trade to CIBC World Markets and Scotia Capital
Hotel & Motel Management, Oct 18, 2004 by Elaine Simon
Fairmont Hotels & Resorts agreed to sell 12 million units of Legacy Hotels Real Estate Investment Trust in a block trade to CIBC World Markets and Scotia Capital. The units will be sold for total proceeds of about $63 million. The sale reduces Fairmont's equity investment in Legacy to 23.7 percent from about 35 percent.
Compiled by Elaine Simon, esimon@advanstar.com
COPYRIGHT 2004 Questex Media Group, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
Most Popular Business Publications
Content provided in partnership with
