www.CNLHospitalityWatch.info has been updated to include an analysis of CNL Hospitality's (CHO) initial public offering, according to UNITE HERE!, the merged union of hotel employees and textile workers.
The analysis, entitled Is CHO Hospitable for Public Investment? states: "Now the second largest hotel REIT in the United States, CNL Hospitality has an eight-year history as an unlisted, "private" REIT based in Orlando, Florida. CHO is widely known as an acquirer of hotels; less well known is how accountable this company will be to the public capital markets going forward. We explore that question by examining the REIT's merger with its affiliated advisor, history of fees to affiliates, other potential conflicts of interest, and questionable independence on the company's Board of Directors."
