Eagle Hospitality Trust Sells Four Properties Worth $116 Million

Eagle Hospitality Trust, whose units filed for bankruptcy protection earlier this year, sold four of its 15 properties under Chapter 11 for a total $116 million.

• The company closed the sale of Sheraton Denver Tech Center, Four Points by Sheraton San Jose Airport, Embassy Suites by Hilton Anaheim North and Double Tree by Hilton Salt Lake City Airport on June 3, it said in an exchange filing
• EHT expects to complete sale of one more property, the Hilton Atlanta Northeast, on or about June 8 for an estimated $37.4m
• It will use the proceeds from the sale of Chapter ...