COLUMBIA, MD Humphrey Hospitality Trust, a REIT that owns 92 limited-service hotels, has appointed Cohen & Steers Capital Advisors, LLC as financial advisor to assist the REIT s committee of independent directors in exploring various alternatives available to the company.
The board of directors formed the committee to evaluate the information recently received from the lessee of its hotel properties, Humphrey Hospitality Management, which disclosed that the lessee has incurred and expects to continue to incur, substantial losses from the leasing and opening of the REIT s hotels. (4/11/01)