"Without registration under the Securities Act and without exemptions, it looks like the only buyers would be foreign investors," says David F. Boothe, an investment representative for Edward Jones.
"We've been discussing this sale at investor meetings for quite some time," Melissa Thompson, MeriStar's director of Corporate Communication, tells GlobeSt.com. Because of other time commitments, she could make no further comments. Bruce Riggins, MeriStar's director of finance, could not be reached for comment by press time.
MeriStar Hospitality Corporation, with internationally known brands of Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree, owns 114 principally upscale, full-service hotels in major market and resort locations with 29,090 rooms in 27 states, the District of Columbia and Canada.
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