Activist Shareholders Check Into Lodging Markets

Law360, New York (November 6, 2013, 6:16 PM EST) -- After two major hostile takeover bids were lobbed in the hotel industry this week, experts say they expect to see more shareholder activism in the lodging and real estate investment trust markets and more calls for company sales fueled by cheap debt and private equity interest.

Experts say recent unsolicited bids for Chatham Lodging Trust and Morgans Hotel Group Co. signal a new activism phase for the hospitality market as it rides an upswing in values, debt remains relatively cheap and private equity firms look to...
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