Langham Hospitality prices IPO at mid-point for a 6% yield

The hotel-focused trust, which is being spun off from property developer Great Eagle, raises $549 million amid strong demand from yield-hungry institutions.

<div style="text-align: left;"> Langham's Eaton Hotel in Hong Kong </div>

Anette Jönsson

May 24, 2013

Langham Hospitality Investments, the hotel-focused trust that is being spun off from Hong Kong property developer and investment company Great Eagle Holdings, has raised HK$4.26 billion ($549 million) after pricing its initial public offering at the mid-point.

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