Pyramid Hotels & Resorts launches IPO

12/7/2009 | Reuters

Luxury hotel investment group Pyramid Hotels & Resorts, which manages 52 hotels, including nine spas and 18 golf courses in the U.S., has filed for an IPO and hopes to raise $275 million. The company says it expects to qualify as a real estate investment trust, and the proceeds from the IPO would go toward further investment in hotels.

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