The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

InnVest Real Estate Investment Trust owns hotels with brands that include Holiday Inn.
InnVest Real Estate Investment Trust owns hotels with brands that include Holiday Inn.
(Kevin Van Paassen/The Globe and Mail)

Analysts back case for change at InnVest, but question numbers

Analysts weighing on Orange Capital’s attempt to unseat the board of InnVest Real Estate Investment Trust say there is a case for change at the company, but they aren’t sure it will generate the big bump in value that Orange is trumpeting.

Orange launched its proxy campaign on Tuesday, unveiling a slate of seven well-known executives as potential trustees and saying it had a plan to boost the stock of InnVest by 50 per cent.