Securities Investigation – Xenia Hotels and Resorts Inc.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended high risk private placement investments such as Xenia Hotels and Resorts Inc.
According to Bloomberg, Xenia Hotels and Resorts Inc. operates as a self-advised and self-administered real estate investment trust (REIT) that invests primarily in full service, lifestyle, and urban upscale hotels in the United States. As of October 4, 2017, it owned 39 hotels comprising 11,533 rooms across 18 states and the District of Columbia. The company is based in Orlando, Florida.
Xenia Hotels and Resorts is a Regulation D Private Placement investment. Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The problem with private placement investments such as Xenia Hotels and Resorts is that they often involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Private placement investments: Are they suitable for you?
Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Free Consultation with a Securities Attorney
Do you have concerns regarding your investment in Xenia Hotels and Resorts? If so, The White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://whitesecuritieslaw.com.
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