Innkeepers USA Trust, a US hotel REIT, has announced it is to be bought by Apollo Investment in a deal valued at $1.5bn (£755m). The Times
Apollo is to pay $17.75 a share in cash and take on Innkeepers’ debt.
Lincoln Council has acquired a new Travelodge hotel in the city centre from developer S Harrison for £13m.
Primary care investor Assura has announced that its non-executive chairman Simon Laffin will leave the company in July after seven years in the role.
The government’s draft bill correcting how multi-occupied properties should be assessed for business rate purposes leaves too many areas open to interpretation, the Property Litigation Association (PLA) has warned.
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