Bluesky Hotels and Resorts completes C$2.1bn acquisition of InnVest Real Estate Investment Trust

Norton Rose Fulbright Canada was counsel to InnVest Real Estate Investment Trust in its acquisition by Bluesky Hotels and Resorts by way of a plan of arrangement under the Business Corporations Act (Alberta) for approximately C$2.1 billion.

The transaction received the unanimous approval of the Board of Trustees of InnVest and gained the full support of InnVest's management team and was subject to a number of customary conditions, including the approval of InnVest unitholders and Canadian regulatory approvals, under the Investment Canada Act and the Competition Act, which it received.