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Real Estate/Development

Jun. 6, 2006

International Hotel Operator Buys Boykin REIT in $416 Million Deal

The $416 million sale of Boykin Lodging Co. to Braveheart Holdings announced May 22 could be part of a consolidation movement in the hospitality industry, according to some observers.

By J.T. LONG
      CREJ Staff Writer
      The $416 million sale of Boykin Lodging Co. to Braveheart Holdings announced May 22 could be part of a consolidation movement in the hospitality industry, according to some observers.
      Boykin, a Cleveland, Ohio-based real estate investment trust, holds 21 properties in 11 states, including two Doubletree hotels in Calif...

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