Apple REIT Six OKs merger with Blackstone fund
The nontraded-REIT party is getting ready to kick off as Apple REIT Six Inc. said yesterday that its shareholders had approved a definitive merger agreement with BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII. The merger is expected to close May 14.
More information: http://www.investmentnews.com/article/20130510/FREE/130519992#
Apple REIT Six Shareholders Approve Definitive Merger Agreement with an Affiliate of Blackstone Real Estate Partners VII
Apple REIT Six, Inc. (the “Company” or “Apple Six”), a real estate investment trust (REIT), announced today that the definitive merger agreement to be acquired by BRE Select Hotels Corp, an affiliate of Blackstone Real Estate Partners VII, has been approved by the Company’s shareholders, with approximately 97 percent of the votes cast voting in favor of the transaction.
White Lodging Named the "Apple REIT Companies Management Company of the Year" for 2012
White Lodging is pleased to announce it was awarded the "Apple REIT Companies Management Company of the Year" earlier this month. The award marks the second time White Lodging has won the recognition out of the three years the award has been presented. The previous win was in 2010.
David Lerner And Apple REITs Defendants In Stunning Class Action Victory
Material contained in the above link is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. (DLA). This material does not constitute an offer or recommendation to buy or sell securities and should not be considering in connection with the purchase or sale of securities.
Apple Six Recommends Rejection of Unsolicited, Opportunistic Tender Offerby MacKenzie Capital Management, LP.
Apple REIT Six, Inc. ("Apple Six") has been notified of an unsolicited tender offer by a group of entities affiliated with MacKenzie Capital Management, LP (collectively "MCM") to purchase up to 4,600,000 shares of common stock and the associated shares of Series A preferred stock (together, the "Units") of Apple Six at a price of $8.50 per Unit.
Marriott Hotels and Resorts Launches Workspring at Marriott
Marriott Hotels and Resorts has exclusively partnered with Steelcase, the leader in workspace design, and launched Workspring at Marriott. The article was not authored by David Lerner Associates, Inc. and is being providing for informational purposes only. Investors should not consider the contents on this article when making an investment decision.
Meeting the Challenge of Education Funding
While most kids head back to school with thoughts of “reading, writing and arithmetic” in their heads, parents and grandparents may have another thought: paying for their children’s and grandchildren’s educations. The David Lerner Associates Education Planner can help you figure out how much money you may need to save for your children’s or grandchildren’s college educations.
Would-Be Teacher Finds Career in Finance
Working as the assistant branch manager for David Lerner Associates in Westport wasn’t where Brandon Byington imagined he would be after finishing college. But that said, he’s glad life took him in that unexpected direction.
Arthritis Foundation Advocate Nudges Congress
When Erin O’Rourke, an advocacy ambassador for the Arthritis Foundation and an employee of David Lerner Associates, had the opportunity to speak before Congress about the need for research funding to prevent cases of post-traumatic osteoarthritis and rheumatoid arthritis in military personnel, she jumped at it.
Norwalk Financier To Show Photos At Exhibition
Norwalk's Lewis Fink initially fell in love with photography because it allowed him to "get out of his own head," which for the past 25 years had been solely focused on the financial investments of his clients at David Lerner Associates in Westport, CN..
Renaissance New York Hotel 57 is owned by Apple REIT Eight. Read the latest:
The Renaissance 57 hotel in New York recently opened its rooftop bar in New York. The Rooftop Terrace is a low-key, lovely place to grab a drink in the middle of hustling and bustling Midtown Manhattan.
David Lerner Associates Sponsors Three 'Music Under the Stars' Concerts in Town of Oyster Bay
David Lerner Associates joins Town of Oyster Bay to present a trio of free concerts featuring legendary bands and musicians
First Freedom Center complex coming to Downtown Richmond
RICHMOND, VA WWBT - VIDEO. A new addition is coming to Downtown Richmond, aimed at drawing in global diplomats and tourist dollars. Apple REIT Nine, Inc announced Tuesday the approval by the Richmond City Council to build the First Freedom Center complex.
SafeSpace’s 2012 Walk a Mile in Her Shoes event
Rebecca Beckett of our Boca Raton Branch takes action against domestic violence by chairing the 2012 SafeSpace Walk a Mile in Her Shoes® event.
New Shockoe hotel gets final approval
-After a two-year slog through the special-use permit process, Apple REIT got the green light from Richmond City Council for the construction of the Marriott hotel development
Renaissance New York Hotel 57 Announces Summer Shopping Package
The package at the Renaissance New York Hotel 57 is ideal for shoppers looking to combine fine shopping with a grand NYC stay. Hotel 57 is owned by Apple REIT Eight..
White Lodging begins contract to manage the Hilton Garden Inn Boca Raton in Boca Raton, FL
The hotel is the 10th management contract in Florida and more than 30 hotels managed by White Lodging owned by Apple REIT.
Why Debt is a Four-Letter Word
There are many "do's" and "don'ts" when it comes to wise financial planning and stewardship. But many financial planning experts would agree that at or near the top of the don't list would be the following simple piece of financial advice: Don't fall into debt.
David Lerner Associates Hosts 3rd Annual Charity Car Show
David Lerner Associates, a financial investments company with corporate headquarters in Syosset, NY, recently partnered up with the Centurion Cruisers Car Club to host the 3rd Annual David Lerner Associates Charity Car Show.
Financier Embraces Family Feel of Investment Firm
Jonathan Hurwitz, branch manager of David Lerner Associates in Westport,CN., says having his son work at the same company is an outgrowth of his own confidence in how David Lerner treats his employees and clients. The term family is used often inside the office walls.
Andy Seal named as general manager of the Marriott Richmond Downtown
Seal moves into his new position at the Apple REIT 7-owned hotel in Richmond from the JW Marriott Indianapolis
Upcoming Investor Conference will Center on Capital Sources
This year’s Meet the Money conference in Los Angeles will focus on where hotel companies can find capital amid the tumult facing the industry today. Hotel investors such as Pebblebrook Hotel Trust, Hospitality Properties Trust and Apple REIT, also will participate
More information: http://www.theleadingevents.com/?p=6283
Family Financial Woes Created Investor
Brian Jackson found his way to the finance industry after watching members of his own family mismanage their finances. As the White Plains Branch Assistant Manager for David Lerner Associates, he hopes he can help others avoid mistakes.
Apple REIT Six-owned Hampton Inn Phoenix, AZ. Completes Extensive Renovations
The Hampton Inn Mid-Town Phoenix hotel has completed extensive hotel renovations to ensure their guests continue to receive the very best Phoenix hotel rooms at the best rate possible.
More information: http://www.prweb.com/releases/2012/4/prweb9341232.htm
Investors eyeing select-service hotels
Select service hotel product has become more sophisticated in the last 10 to 15 years, attracting an increasing number of institutional investors to the sector, according to Jones Lang LaSalle Hotels
Can you increase investment returns in a low-rate environment?
While low interest rates tend to be good news if you carry consumer debt or if you're shopping for a mortgage, they're not so great if you're a fixed-income investor seeking a steady stream of income to meet your living expenses during retirement.
Horsewoman Helps Support Native American School
Kathy Papaleo, a registered sales assistant at David Lerner Associates in Westport, Conn. has been supporting a Native American School in South Dakota for many years.
Homewood Suites Milford Awarded the Apple REIT Companies' "Master of Margins" award.
Apple REIT Seven owned Homewood Suites Milford was recently awarded the Apple REIT Companies' "Master of Margins" award. The Homewood Suites Cincinnati Milford in Ohio beat out 282 other Apple REIT hotels.
Rotarian Signs Up Kids for Amber Alert Registry
Joe Grugel, an investment counselor with David Lerner Associates Inc. in Westport, helped organize an Amber Alert Registration Day through his involvement with the Rotary Club of Danbury. The group set up a booth at the health and wellness fair at Rogers Park in November, offering free photo Amber Alert cards to participants.
Apple REITs Hire Citigroup as Financial Adviser for Proposed Merger, Listing
Apple REIT Eight Inc., one of four non-traded REITs sponsored by hotelier Glade M. Knight that have proposed merging, has hired Citigroup Global Markets Inc. as financial adviser for the proposed transaction.
Blood drive to help injured firefighter Wiedmann
The Syosset Fire Department and David Lerner Associates, Inc. are teaming up for a blood drive Tuesday from 2 p.m.-8 p.m. for injured FDNY firefighter Robert Wiedmann.
Woman Holds Bake Sale for Single Mom With Cancer
Kelly Boccanfuso, an administrative assistant at David Lerner Associates Inc. in Westport, Conn., has been raising money through bake sales to help defray expenses for a single mom who was diagnosed with breast cancer.
Trading Day: Inside the SEC filings for 11.17.2011
Third quarter profits for Apple REITs reported in the Richmond Business Journal
Apple REIT Ten and Subsidiaries Agree to By 3 hotels in Dallas Area
Richmond-based Apple REIT Ten and its subsidiaries have entered into contracts to buy three hotels in the Dallas area for $69 million. The hotels are under construction.
SEC Filing: Apple REIT Ten Purchases Hilton Garden Inn in Des Plaine Illinois.
The newest of the Apple REIT funds closed on the purchase of a 251-room Hilton Garden Inn in Des Plaines, Ill., for $38 million
Apple REIT 9 Owned Marriott International to Open at Williams Center
Hotel giant Marriott International is preparing to open a 124-suite hotel at Williams Centre in October. The property is owned by Richmond, Va.-based Apple REIT 9, a real-estate investment trust, and managed by Texas Western Hospitality of Dallas.
David Lerner Associates, Inc. Comments on Possible Apple REIT Consolidation
Apple REIT Six, Inc. (the “Company”) announced today that its board of directors has authorized the evaluation of a potential consolidation transaction in which the Company, Apple REIT Seven, Inc., Apple REIT Eight, Inc. and Apple REIT Nine, Inc.would be combined. David Lerner Associates. David Lerner Associates believes this is a positive first step in the evaluation of a transaction that, if completed, potentially may provide increased liquidity and other possible value-enhancing aspects for the shareholders of Apple REITs Six, Seven, Eight and Nine
Apple REIT Eight renegotiates loans
Apple REIT Eight Inc., a Richmond-based real estate investment trust owning 51 hotels, has renegotiated five loans on which it deliberately defaulted earlier this year to gain better terms.The company said in its second-quarter report that it strategically defaulted on the loans, which then were placed with a special server. Four loans were renegotiated and reinstated, while the fifth was renegotiated and paid off at a discount.
Apple REIT Six, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Six, Inc. (“Apple Six”) a real estate investment trust (REIT) that owns 66 Marriott®- and Hilton®-branded hotels, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC),
Apple REIT Seven, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Seven, Inc. (“Apple Seven”), a real estate investment trust (REIT) that owns 51 Marriott®- and Hilton®-branded hotels, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC
Apple REIT Eight, Inc. Reports Results for the Second Quarter of 2011
Funds from operations (FFO) for the second quarter of 2011 totaled $14.0 million, or $0.15 per share, an increase of six percent as compared to FFO achieved during the same period of 2010.
Apple REIT Nine, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Nine, Inc. ("Apple Nine"), a real estate investment trust (REIT) that owns 86 Marriott(R)- and Hilton(R)-branded hotels and 110 parcels of land leased to a third party, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC)
Apple REIT Investors Don’t Bite
MacKenzie Patterson Fuller,a California investment fund, didn’t have much luck persuading shareholders of a local REIT to give up their shares at a fire sale prices. Chip Patterson, general counsel for MPF, spoke to Richmond BizSense in June, and said his firm would make money by acquiring shares on the cheap and collect the difference if and when the fund sold its hotels, giving the shares a higher value. MPF was hoping that the negative spotlight would drive more investors to cash out, but despite the funds being under fire all summer, Apple REIT investors wouldn’t bite.
Apple REIT Buys 3 Hotel Assets for $36 Million
Apple REIT Ten Inc., a Virginia-based real estate investment trust, acquired three properties from Sage Hospitality for $36 million. The first was an 88,625-square-foot Hilton Garden Inn at 2425 Barrington Road in Hoffman Estates, IL. The Class A hospitality building consists of 184 rooms on 3.7 acres and was built in 1995. It sold for $10 million.
David Lerner to Host Second Annual Charity Car Show
The car show is being held to benefit the families of two fallen Nassau County Police Officers, Michael Califano and Geoffrey Breitkopt
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