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BRIEF-Innvest REIT to buy Fairmont Vancouver Airport Hotel

Published 2016-06-30, 09:19 a/m
© Reuters.  BRIEF-Innvest REIT to buy Fairmont Vancouver Airport Hotel

June 30 (Reuters) - Innvest Real Estate Investment Trust
INN_u.TO
* Innvest Real Estate Investment Trust announces agreement
to acquire Fairmont Vancouver Airport Hotel
* Purchase price of $90.0 million
* Innvest Real Estate Investment Trust says purchase price
of $90.0 million
* Deal price to be funded by first mortgage financing of 45%
to 50%, cash on hand, proceeds from planned asset sales
* Innvest Real Estate says has entered into agreement with
Oxford Properties Group to acquire leasehold interest in
Fairmont Vancouver Airport Hotel

Source text for Eikon: ID:nCNWymzKGa
Further company coverage: INN_u.TO

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