An unknown buyer entered into a purchase and sale agreement to acquire Vancouver Property from NexPoint Hospitality Trust (TSXV:NHT.U) for $14.5 million.

An unknown buyer entered into a purchase and sale agreement to acquire Vancouver Property from NexPoint Hospitality Trust (TSXV:NHT.U) for $14.5 million on August 19, 2022. Nexpoint is selling Beaverton property, the Tigard property, and Vancouver property for a combined purchase price of $43.6 million. Nexpoint expects these transactions to close at the end of the third quarter, with the possibility of an extension to close in October 2022.

Nexpoint will use the proceeds from the sale to pay down the outstanding debt on the DoubleTree Portfolio.