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Moody National REIT I, II change partnership provisions in merger deal

Moody National REIT I Inc. and Moody National REIT II Inc. amended their merger deal to provide that the latter's operating partnership will now be the surviving partnership in their proposed combination.

Previously, Moody National REIT I's operating partnership was intended to be the surviving partnership after the merger.

The entity surviving the merger of the companies will continue to be named Moody Merger Sub LLC, according to a filing.

Under the terms of the deal, Moody National REIT II will acquire Moody National REIT I for $11 per share. The deal was recently approved by Moody National REIT I's shareholders.