On November 22, 2024, NexPoint Hospitality Trust (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced a merger agreement under which NHT will dissolve, and its subsidiaries will merge into NXDT entities. Unitholders will receive US$0.36 per unit in cash or NXDT shares. The deal, expected to close in Q1 2025, requires approval from unitholders, excluding NXDT affiliates, who hold 82.86% of NHT units.

The price represents a 2300% premium to NHT’s 30-day average price of US$0.015 per unit. Doane Grant Thornton LLP provided a fairness opinion, confirming the financial fairness of the deal.

Legal counsel includes Goodmans LLP and BakerHostetler LLP for NHT, Winston & Strawn LLP for NXDT, and Goodmans LLP for the Special Committee.