IARE News Alert Inland Amern Real Es (IARE) 6.2000 09/28/2014

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Inland Amern Real Es (IARE) 6.2000 $IARE

Inland American to sell 52 hotels for $1.1 billion
AP - Thu Sep 18, 8:49AM CDT
NEW YORK (AP) — Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion.

Inland American Announces Sale of Select Service Hotel Portfolio for $1.1 Billion
Business Wire - Thu Sep 18, 7:00AM CDT
Inland American Real Estate Trust, Inc. ("Inland American" or the "Company" today announced that it has entered into a definitive agreement to sell a portfolio consisting of 52 select service hotels with 6,976 rooms to a joint venture formed by affiliates of Northstar Realty Finance Corp. ("Northstar" and Chatham Lodging Trust ("Chatham" for approximately $1.1 billion.

NorthStar Realty Finance Announces Definitive Agreement to Acquire $1.1 Billion Hotel Portfolio
PR Newswire - Thu Sep 18, 7:00AM CDT
NorthStar Realty Finance Corp. (NYSE: NRF) ("NorthStar Realty" today announced that it has entered into a definitive agreement to acquire a $1.1 billion hotel portfolio (the "Portfolio" from Inland American Real Estate Trust. The Portfolio is comprised of 52 upscale extended stay and select service hotels with approximately 7,000 rooms. Inclusive of this portfolio and an additional approximately $700 million hotel portfolio that NorthStar Realty expects to close this month, NorthStar Realty will have an approximately $3.2 billion hotel portfolio consisting of 159 hotels and over 20,000 rooms.

Inland American Real Estate Trust, Inc. Purchases Bryant Square Shopping Center in Oklahoma
Business Wire - Mon Aug 25, 9:57AM CDT
Inland American Real Estate Trust, Inc. ("Inland American" announced today the acquisition of the 275,466-square-foot Bryant Square Shopping Center located in Edmond, Oklahoma, a northern suburb of Oklahoma City. The property was purchased for $33.7 million.

Inland American plans to spin off lodging unit
AP - Mon Aug 11, 6:29AM CDT
OAK BROOK, Ill. (AP) — Inland American Real Estate is spinning off its lodging subsidiary into a separate and publicly traded company.

Inland American Announces Intent to Spin off Its Lodging Subsidiary
Business Wire - Mon Aug 11, 6:00AM CDT
--Initial Portfolio of 46 hotels Comprising 12,636 Rooms

Christopher L. Covey Joins Inland American Real Estate Trust, Inc. as Senior Vice President of Transactions
Business Wire - Mon Aug 04, 12:46PM CDT
Inland American Real Estate Trust, Inc. (Inland American), today announced that Christopher L. Covey has joined the company as senior vice president of transactions, responsible for guiding the company's acquisition and disposition teams and helping to shape Inland American's strategy going forward.

Andrew J. Welch Joins Inland American Lodging Group, Inc. as Chief Financial Officer
Business Wire - Mon Jul 07, 10:28AM CDT
Inland American Lodging Group, Inc. (IALG), a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (Inland American), today announced a new addition to its executive team. Andrew J. Welch has joined the company as executive vice president and chief financial officer, responsible for leading financial operations and activities for IALG and establishing and executing IALG's financial strategy.

Inland American Real Estate Trust, Inc. Launches Tender Offer for Up to $350 Million of its Common Stock
Business Wire - Fri Mar 14, 7:50AM CDT
Inland American Real Estate Trust, Inc. (the "Company" announced today that it is commencing a modified "Dutch Auction" self-tender offer (the "Offer" , on March 14, 2014, to purchase for cash up to $350 million in value of shares of the Company's common stock.

Inland American Real Estate Trust, Inc. Reaches Important Milestone - Signs Agreements to Become Self-Managed
Business Wire - Thu Mar 13, 10:54AM CDT
Inland American Real Estate Trust, Inc. (the "REIT," "we," "our" or "Inland American" today announced that functions previously performed by its business manager are now being performed by the REIT. The REIT and its business manager, Inland American Business Manager & Advisor, Inc., agreed to terminate the management agreement, and the REIT hired all of its business manager's employees and acquired the assets of its business manager necessary to perform the day-to-day operations that its business manager previously provided on its behalf, for no fee, thus becoming self-managed.

Inland American Real Estate Trust, Inc. Makes a Splash in the Hawaiian Lodging Market with the Purchase of the Aston Waikiki Beach Hotel
Business Wire - Mon Mar 03, 4:01PM CST
Inland American Lodging Group, Inc. ("Inland American" , a wholly owned subsidiary of Inland American Real Estate Trust, Inc., today announced the purchase of the 645-room Aston Waikiki Beach Hotel in Honolulu, Hawaii, for a purchase price of approximately $183 million.




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