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Bluesky Hotels to acquire InnVest REIT in C$2.1B deal

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Bluesky Hotels to acquire InnVest REIT in C$2.1B deal

Privately held Canadian company Bluesky Hotels and Resorts Inc.agreed to acquire all the issued and outstanding units of InnVest Real Estate Investment Trust for C$7.25 in cash perunit.

The proposed deal values InnVest at approximately C$2.1 billion,including the assumption of InnVest's net debt.