/NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
DALLAS and TORONTO, Nov. 14,
2024 /CNW/ - NexPoint Hospitality Trust
("NHT"1), (TSXV: NHT.U) announced today the resignation
of Brian Mitts as Chief Financial
Officer & Corporate Secretary, effective December 31, 2024 at 11:59
pm (ET). In connection with Mr. Mitts' resignation, the
board of trustees of the REIT appointed Paul Richards, who currently serves as NHT's
Vice President, Asset Management, as Chief Financial Officer &
Corporate Secretary, effective January 1,
2025 at 12:00 am (ET). Mr.
Richards is a certified public accountant in the State of Texas and received an MS in Finance
and a BS in Accounting from Texas A&M
University.
About NHT
NexPoint Hospitality Trust is a publicly traded real estate
investment trust, with its Units listed on the TSX Venture Exchange
under the ticker NHT.U. NHT is focused on acquiring, owning and
operating well-located real estate assets including, but not
limited to, investments in life science and semiconductor
manufacturing properties, but mainly focusing on hospitality
properties in the United States
that offer a high current yield and in many cases are
underperforming assets with the potential to increase in value
through investments in capital improvements, a market-based
recovery, brand repositioning, revenue enhancements, operational
improvements, expense inefficiencies, and exploiting excess land or
underutilized space. NHT owns 7 branded properties sponsored by
Marriott, Hilton and Hyatt, located across the U.S. NHT is
externally advised by NexPoint Real Estate Advisors VI, L.P.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
|
______________________
|
|
1 In this release, "we," "us,"
"our," and "NHT," each refer to NexPoint Hospitality
Trust.
|
SOURCE NexPoint Hospitality Trust