>Clearview To Raise $375M For Hotel Buys

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>May 11 (Reuters) – Clearview Hotel Trust Inc filed with U.S. regulators on Tuesday to raise up to $375 million in an initial public offering of common stock. The California-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that BofA Merrill Lynch, Citi, Deutsche Bank Securities and UBS Investment Bank were underwriting the IPO. The company is a real estate investment trust with a portfolio of mainly upscale full service hotel properties in the United States. The company had revenue of $142.6 million in 2009, the filing showed. The filing did not reveal how many shares the company planned to sell or their expected price.

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