CNL Hotels & Resorts, Inc. Stockholders Approve Sale to Morgan Stanley Real Estate and Ashford Hospitality Trust, Inc. (Hospitality Net)
CNL Hotels & Resorts, Inc. Stockholders Approve Sale to Morgan Stanley Real Estate and Ashford Hospitality Trust, Inc. (Hospitality Net)
ORLANDO, Fla., CNL Hotels & Resorts, Inc. announced today that its stockholders have approved, at a special meeting, the previously announced sale transaction, consisting of the sale of select properties to a fund managed by Morgan Stanley Real Estate and to Ashford Hospitality Trust, Inc. (NYSE:AHT) , followed by the merger of the Company to a fund managed by Morgan Stanley Real Estate. Over 95 …