Morgan Stanley acquires CNL for $6.6bn

The real estate arm of global investment bank Morgan Stanley has acquired CNL Hotels and Resorts, the second-largest hospitality REIT in the US, for $6.6bn.

22 January 2013•1 min read

The real estate arm of global investment bank Morgan Stanley has acquired CNL Hotels and Resorts, the second-largest hospitality REIT in the US, for $6.6bn.