Monarch Alternative Capital Acquires Ten Hospitality Properties Through Bankruptcy Process

by benzinga.com posted 1month ago 3 views
NEW YORK and LONDON, June 25, 2021 /PRNewswire/ -- Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, today announced that it has purchased ten full-service hospitality real estate assets located in four states in the United States for a total consideration of $360 million. The properties were sold by Eagle Hospitality Real Estate Investment Trust as part of its bankruptcy process. The Eagle Hospitality transaction highlights Monarch's ability to leverage its experience in financial restructurings and complex processes to invest in strong assets poised to benefit ...Full story available on Benzinga.com.

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