Innkeepers Trust shareholders approve $1.5B buyout deal

06/28/2007 |

Innkeepers USA Trust shareholders have given their approval for the Palm Beach, Fla., hotel REIT to be acquired by Grand Prix Holdings, in a deal valued at $1.5 billion. Innkeepers properties around the U.S. include extended-stay hotels Hampton Inns, Summerfield Suites and Residence Inns.

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