Call Now For a Free Consultation:
(614) 502-6165

Have You Suffered Losses in Hospitality Investors Trust REIT?

Recovering Losses After Investing in Hospitality Investors Trust (HIT) 

Hospitality Investors Trust, Inc., is a publicly registered, non-traded real estate investment trust (“REIT”). The trust filed for Chapter 11 bankruptcy in 2021 after stocks dropped to under $1 a share. Investors in Hospitality Investors Trust, Inc. (“HIT”) may have a valid claim and are encouraged to contact an attorney immediately to discuss their legal options.

Meyer Wilson has handled over 1,000 claims for aggrieved investors, recovering in excess of $350 million on behalf of clients nationwide. Non-traded REITs are notoriously high-risk investments that are most often unsuitable for retail investors. Individuals who were recommended or sold shares of HIT REIT as a safe, conservative investment may be able to recover losses. 

If you sustained losses after investing in HIT REIT, the investor claims attorneys at Meyer Wilson might be able to help. Contact our office at (800) 738-1960 for a free, no-obligation consultation.  

What Is HIT REIT?

The Hospitality Investors Trust, Inc. was a non-traded real estate investment trust (“REIT”) that, according to its website, owned “a diversified portfolio of strategically-located hotel properties.” Investments were focused on the select-service market of the hospitality sector.

The trust, formerly known as American Realty Capital Hospitality Trust, filed for Chapter 11 bankruptcy in an effort to restructure its over $1 billion debt. A final decree was ordered on Jul 1, 2021. The value of the stock dropped substantially from its original price of $25 per share to less than $1. Investors are unlikely to recover their principal in light of the bankruptcy.

How to Recover Losses Related to HIT REIT

Several investors have alleged that when their broker or financial advisor recommended and sold investment in the Hospitality Investors Trust REIT, they made false or misleading statements. Some investors were informed that the investment was safe and conservative. 

In truth, REITs are almost always unsuitable for the average investor as they present a high degree of risk and may be illiquid. These complex investments are best suited for sophisticated retail investors who are well-informed of the potential for loss of principal. Financial advisors and stockbrokers often recommend these products because of their high up-front commissions and fees, which many consumers are unaware of at the time of purchase.

Why Choose Meyer Wilson?

HIT REIT investors may be able to recover losses through a FINRA arbitration claim. At Meyer Wilson, our attorneys have handled countless cases for investors who have sustained financial losses as a result of stockbroker misconduct, fraud, misrepresentation, or unsuitable recommendations. 
If you are one of the thousands of investors who lost money after being recommended and sold HIT REIT, contact our office at (800) 738-1960. All consultations are free and without obligation to retain our services. Let the experienced investment fraud attorneys at Meyer Wilson evaluate your legal claim at no cost. Matters are handled on a contingency fee basis, meaning there are no fees unless we recover money on your behalf. Call now to get started.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram