American Realty Capital Unit Nabs Control Of Hotel Manager

Law360, New York (September 16, 2013, 7:41 PM EDT) -- A unit of American Realty Capital announced Monday that it has snapped up a controlling stake in hotel manager Crestline Hotels and Resorts Inc. from a privately held Spanish company, just weeks after its parent disclosed it was building a multibillion-dollar hospitality property investment trust.

Per the deal, AR Capital LLC has bought up an undisclosed majority stake in the 17th-largest U.S. hotel manager from The Barcelo Group, according to a statement. Financial details of the deal were not disclosed and representatives for American Realty could...
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