Month: May 2017

Spin Master Announces Acquisition of Marbles and Continued Growth of Games Portfolio PR Newswire TORONTO, May 1, 2017 TORONTO , May 1, 2017 /PRNewswire/ – Spin Master Corp. (TSX: TOY), a leading global children’s entertainment company, today announced the acquisition of Marbles, a leader in brain-building and high-quality games, gifts and gadgets for all ages. The acquisition builds upon Spin Master’s increased presence in the Games and Puzzles supercategory, the #1 growth category globally in 2016 as measured by the NPD Group […]

Hospitality Investors Trust Completes $1.225 Billion Refinancing and Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million PR Newswire NEW YORK, May 1, 2017 NEW YORK , May 1, 2017 /PRNewswire/ — Hospitality Investors Trust, Inc (“HIT REIT” or the “Company”) announced today that it has successfully refinanced two loans and, simultaneously, completed the acquisition of seven hotels pursuant to its previously announced purchase agreement with Summit Hotel Properties, Inc. (“Summit”) (the “Summit Portfolio”). The new loans, which total approximately $1.225 billion , each carry a two-year initial term with three one-year extension options subject to conditions, and consist of: (i) A mortgage loan and related mezzanine loans with an aggregate principal balance of $915.0 million , which are collateralized by 87 of the Company’s hotel properties (the “HIT REIT Mortgage Loan”) and; (ii) A term loan with a principal balance of $310.0 million , which is collateralized by 28 of the Company’s hotel properties (the “HIT REIT Term Loan”) […]