secwatch.observer — SEC 8-K summary
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Issuer:     Lightstone Value Plus REIT II, Inc. (—)
CIK:        0001436975
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001829126-23-004904
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightstone REIT II sells two Florida hotels for $28M, pays down credit facility
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- Sold Hampton Inn - Miami and Hampton Inn & Suites - Fort Lauderdale for $28.0 million aggregate.
- Closings occurred on July 17 and July 21, 2023 for the two hotels.
- Used $16.7 million of proceeds to reduce revolving credit facility balance to $101.5 million.
- Net proceeds after debt paydown and adjustments were $10.3 million.
- Buyer was unaffiliated third party Vista Acquisitions Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436975/000182912623004904/0001829126-23-004904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436975/000182912623004904/lightstonereit2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004904

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer