BRIEF-Innvest REIT to buy Fairmont Vancouver Airport Hotel

Thu Jun 30, 2016 9:19am EDT
 
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June 30 (Reuters) - Innvest Real Estate Investment Trust

* Innvest Real Estate Investment Trust announces agreement to acquire Fairmont Vancouver Airport Hotel

* Purchase price of $90.0 million

* Innvest Real Estate Investment Trust says purchase price of $90.0 million

* Deal price to be funded by first mortgage financing of 45% to 50%, cash on hand, proceeds from planned asset sales

* Innvest Real Estate says has entered into agreement with Oxford Properties Group to acquire leasehold interest in Fairmont Vancouver Airport Hotel Source text for Eikon: Further company coverage: