Eagle Panel Acknowledges Corporex Proposal

A special committee of Eagle Hospitality Properties Trust Inc., Covington, Ky., has acknowledged the receipt of a letter from Corporex Cos. proposing to acquire all the outstanding common stock of Eagle not already owned by Corporex or its affiliates.Eagle said the Special Committee, which was formed to explore strategic options, has instructed Morgan Stanley, its financial adviser, to continue to solicit indications of interest in a possible sale of the company. The Corporex letter will be reviewed in this context, Eagle said. The company, a real estate investment trust, can be found online at http://www.eaglehospitality.com.