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Eagle Hospitality to Sell 13 Hotels to Repay Lender
Bloomberg, 09/10/2012
By Brian Louis

Eagle Hospitality Properties Trust Inc. plans to sell its 13 hotels as part of a deal reached with a lender that allows the company to pay the debt at a discount.

The properties include the Cincinnati Landmark Marriott and the Chicago Marriott Southwest in Burr Ridge, Illinois, Eagle said today in a statement. The Wall Street Journal reported earlier today that Eagle, based in Purchase, New York, and Blackstone Group LP (BX) reached an agreement on the debt.