Brief: American Realty Capital Hospitality Trust announces $400 mln convertible preferred investment commitment from Brookfield

American Realty Investors

13/01/2017 11:00

Jan 13 (Reuters) - American Realty Investors Inc  ARL.N  
    * American Realty Capital Hospitality Trust announces $400 
million convertible preferred investment commitment from 
brookfield 
    * American Realty Capital Hospitality-As part of 
reconfiguration of co's board of directors, William M. Kahane 
will resign from company's board 
    * American Realty Capital Hospitality - 2 new independent 
directors nominated by co's existing board and reasonably 
approved by Brookfield will be added 
    * American Realty Capital Hospitality- As part of 
transaction, company's board of directors will be increased from 
four to seven members 
    * American Realty Capital Hospitality- Two members will be 
appointed by Brookfield, Bruce G. Wiles will serve as chairman 
of board and Lowell G. Baron 
 
Source text for Eikon:  ID:nPn1pg1Nka  
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