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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)

The war of words at InnVest heats up

If the first meeting between InnVest REIT’s incumbent trustees and the activist who wants to turf them is any indication, the odds of a friendly outcome are slim.

A representative of the activist, Orange Capital, said that there was “nothing of substance” presented by InnVest’s trustees, while the head of the special committee of InnVest trustees called Orange’s claims “empty rhetoric.”