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Inland American plans to spin off hotels into public REIT

Within the next four to eight months, Inland American Real Estate Trust will spin off its hotel subsidiary into a publicly traded REIT that will be called Xenia Hotels & Resorts. The new company will own 46 hotels in 20 U.S. markets and be listed on the New York Stock Exchange. Inland American, a public, non-listed REIT, is seeking greater exposure to the public markets. Read the Bloomberg Businessweek story here

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