Monarch Alternative Capital completed the acquisition of ten hospitality properties from Eagle Hospitality Real Estate Investment Trust for $360m.

Monarch Alternative Capital, an investment firm, completed the acquisition of ten hospitality properties from Eagle Hospitality Real Estate Investment Trust, a privately owned real estate investment trust, for $360m. "The overall Eagle Hospitality transaction exemplifies the value of our broad investment capabilities across debt and equity to target compelling opportunities in dislocated sectors. Our ability to provide speed and certainty of execution in complex situations is highly valued by our partners and counterparties," Ian Glastein, Monarch Managing Principal.