Inactive Instrument

VM Hotel Acquisition Corp.

VMH.U

CA91835A1075

VM Hotel Acquisition Corp. Announces Proposed Acquisition of Five Premier Hotels to Create Growth-Oriented Real Estate Operating Company

December 07, 2021 at 08:48 am EST

VM Hotel Acquisition Corp. (VMH) announced that its proposed qualifying acquisition of a USD 411 million portfolio of five premier hotels, consisting of 2,079 keys in four cities and two countries, to create an initial cross-border North American portfolio of high-quality hotel properties. Following the Qualifying Acquisition, VMH will be a publicly-traded real estate operating company (REOC), allowing investors to participate in a long-term real estate strategy of acquiring and growing a portfolio of high quality, iconic and well-located upper- upscale and luxury North American hotel and resort properties at a discount to their stabilized values and replacement costs.

The USD 411 million purchase price is expected to be funded through a combination of approximately USD 260 million of mortgage financing and USD 20 million raised through the issuance of VMH shares to a vendor, with the remaining portion funded through cash on hand and the PIPE Investment.

Latest news about VM Hotel Acquisition Corp.

The PYURE Company Inc. cancelled the acquisition of VM Hotel Acquisition Corp. (TSX:VMH.U) from a group of shareholders in a reverse merger transaction.	Dec. 21	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 13	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-10	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
VM Hotel Acquisition Corp. Auditor Raises 'Going Concern' Doubt	23-03-26	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-13	CI
The PYURE Company Inc. entered into a business combination agreement to acquire VM Hotel Acquisition Corp. (TSX:VMH.U) from a group of shareholders for approximately $240 million in a reverse merger transaction.	22-09-21	CI
776,250 Class B Shares of VM Hotel Acquisition Corp. are subject to a Lock-Up Agreement Ending on 29-AUG-2022.	22-08-28	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-04	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) cancelled the acquisition of Hyatt Arcade Hotel from Skyline Investments Inc.	22-05-29	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) cancelled the acquisition of 90% stake in The Renaissance from Skyline Investments Inc..	22-05-29	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-06	CI
VM Hotel Acquisition Corp. Auditor Raises 'Going Concern' Doubt	22-03-30	CI
VM Hotel Acquisition Corp. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-30	CI
776,250 Class B Shares of VM Hotel Acquisition Corp. are subject to a Lock-Up Agreement Ending on 1-MAR-2022.	22-02-28	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) cancelled the acquisition of The Battery Wharf Hotel & Spa.	22-02-22	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) cancelled the acquisition of Le Centre Sheraton Montreal Hotel.	22-02-22	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) cancelled the acquisition of Sheraton Golf & Spa Hotel.	21-12-30	CI
VM Hotel Acquisition Corp. Announces Proposed Acquisition of Five Premier Hotels to Create Growth-Oriented Real Estate Operating Company	21-12-07	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) agreed to acquire Sheraton Golf & Spa Hotel.	21-12-06	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) agreed to acquire Le Centre Sheraton Montreal Hotel.	21-12-06	CI
VM Hotel Acquisition Corp. announced that it expects to receive $145 million in funding	21-12-06	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) agreed to acquire The Battery Wharf Hotel & Spa for $29.7 million.	21-12-06	CI
VM Hotel Acquisition Corp. (TSX:VMH.U) agreed to acquire 90% stake in The Renaissance from Skyline Investments Inc. for $45.7 million.	21-12-05	CI

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Company Profile

VM Hotel Acquisition Corp. is a Canada-based special purpose acquisition company (SPAC). The Company is formed for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination. It has not commenced any operations nor generated any revenues.

Sector

Investment Holding Companies

Calendar

2024-08-06 - Q2 2024 Earnings Release (Projected)

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