Monday, July 30, 2012

Gibson is also Chairman of the Board for Choice Hotels, Chief Operations Officer of Westmount Hospit




InnVest REIT is a REIT focused on the hospitality sector. They were formed in July of 2002. InnVest REIT has a 50% interest in the Choice Hotel chain and a complete portfolio of their own spanning across Canada. They also have a small portfolio of office and retail properties, and a retirement home.
Hotel Brands: Best Western; Comfort Inn; Delta; Fairmont; Hilton; Hilton Garden; Hilton Homewood australia escorted tours from europe Suites; Holiday Inn; Holiday australia escorted tours from europe Inn Express; Quality Inn; Quality Suites; Radisson Hotel and Suites; Sheraton; Staybridge Suites; Travelodge
Gibson is also Chairman of the Board for Choice Hotels, Chief Operations Officer of Westmount Hospitality Management and Westmount Hospitality Canada, and was formerly the Vice-President of Operations for Southwest Inns, out of Texas.
Tamara is the Corporate Secretary for InnVest REIT as well as a director for Choice Hotels, the Chief Financial Officer for Westmount Hospitality Management and Westmount australia escorted tours from europe Hospitality Canada, and formerly was the Executive Vice President, Chief Financial Officer, and Secretary of Chapters Inc.
A recent announcement by the Minister of Finance has altered some of the rules surrounding stapled securities. A stapled security is a form of security derived from an asset, in this case it is rent. This allows someone like InnVest to pay dividends based on the income of properties they are not allowed to own.
The recent changes australia escorted tours from europe prevent InnVest from deducting the rent from their income. Speculation has increased that this may cause InnVest to consider going private, as the advantages afforded to a REIT become negligible australia escorted tours from europe in their case.

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