Hotel

InnVest is following several Canadian real estate firms to the U.S., including Tricon Capital Group Inc. and the real estate arm of insurer Great-West Lifeco Inc.

Katara Hospitality acquired 100 percent of the property from its majority owner, Sahara India Pariwar.

United Capital Real Estate is suing Subrata Roy, chairman of Sahara India Pariwar, as well as its U.S. entity, alleging that they breached an agreement by seeking a separate deal.

The Bethesda, Maryland-based real estate investment trust has interviewed advisers regarding the portfolio sale.

The losing suitor, Pebblebrook Hotel Trust, “was provided with material nonpublic information” during the sale process LaSalle said in a filing with the SEC.

Pebblebrook’s offer “does not constitute, and could not reasonably be expected to lead to, a superior proposal” to Blackstone’s, the company said in the statement.

Together, Ivanka Trump and her husband Jared Kushner earned at least $82 million in outside income while working as unpaid senior advisers to her father.

The company made a fresh offer in writing that reflects its share gains since its bid last month, according to a Pebblebrook statement Monday.

Hotels appear to be a particularly good fit for retail centers, which tend to have ample parking, prime locations and shopping, restaurants and entertainment options readily available for travelers.