CNL Hotels & Resorts Inc. to Postpone Initial Public Offering
Due to market conditions, CNL Hotels & Resorts, Inc., the nation's second-largest hotel real estate investment trust, has determined that it is appropriate to postpone its firm underwritten offering and listing.
In light of this decision, the company is evaluating the treatment of previously accrued transaction costs related to its second quarter earnings, which will likely result in the write-off of some or all of these expenses.
About CNL Hotels & Resorts, Inc.
CNL Hotels & Resorts, Inc. is the nation's second-largest hotel REIT. The company owns and manages one of the most distinctive portfolios in the lodging industry. With a focus on luxury and upper upscale hotels and resorts, the $6 billion portfolio includes more than 130 hotels and resorts across North America that operate under both independent and corporate brands such as Marriott, Hilton and Hyatt.
Logos, product and company names mentioned are the property of their respective owners.
- O'Charley's Signs 50-Store Franchise Agreement with Covelli Enterprises
- MyWebsitePromotions - Revolutionary Marketing Tool For Marketing Directors
- O'Charley's 1Q Profit Up on Higher Sales
- O'Charley's Inc. Names Hislop O'Charley's Concept President
- O'Charley's Inc. Adds Four New States to Franchising Program
- Supertel Hospitality Reports 2012 First Quarter Results
- Summit Hotel Properties First Quarter Sales Increase 23.5%
- Meliá Hotels International Reports First Quarter Euro4.7 Million Profit (+0.2%)
- Home Inns First Quarter 2012 Revenue Increased 66% Year over Year to RMB 1.26 Billion
- China Lodging Group First Quarter Net Revenues UP 53.0%
