09:55 AM EST - VM Hotel Acquisition Corp. : Announced its proposed qualifying acquisition of a $411-million U.S. portfolio of five premier hotels, consisting of 2,079 keys in four cities and two countries, to create an initial cross-border North American portfolio of high-quality hotel properties. Following the Qualifying Acquisition, VMH will be a publicly-traded real estate operating company, allowing investors to participate in a long-term real estate strategy of acquiring and growing a portfolio of high quality, iconic and well-located upper-upscale and luxury North American hotel and resort properties at a discount to their stabilized values and replacement costs. VM Hotel Acquisition Corp.
shares T.VMH.U are trading unchanged at $9.26.
