An affiliate of a partnership between Westmont Hospitality Group and a subsidiary of Caisse de depot et placement du Quebec, plan to acquire U.S. hotel real estate investment trust Boykin Lodging Co. in a cash transaction valued at $416 million, including debt.The acquisition by the affiliate, Braveheart Holdings LP, is slated to occur in the third quarter, contingent on customary closing conditions and approval by Boykin's common shareholders. Boykin can be found online at http://www.boykinlodging.com and Caisse de depot placement du Quebec's subsidiary Cadim Inc. can be found on the Web at http://www.lacaisse.com.
Boykin to Sell for $416 Million
May 22, 2006, 2:00 p.m. EDT 1 Min Read
