Bronstein, Gewirtz & Grossman Files Securities Class Action Against Phoenix American Hospitality and REITs

Bronstein, Gewirtz & Grossman, LLC announced on October 23, 2026 that a securities class action has been filed against Phoenix American Hospitality, LLC, American Hospitality Properties REIT, Inc., American Hospitality Properties REIT II, Inc. And William Lee Nelson. The suit seeks damages for alleged violations of federal securities laws on behalf of investors who acquired securities in the two REITs between March 1, 2022 and July 31, 2024, according to GlobeNewswire.

Bronstein's Claims and the Lead Plaintiff Deadline

The complaint alleges that throughout the class period the defendants made false or misleading statements and failed to disclose that Phoenix's public statements about its business and operations were materially false or misleading, and that subsequent SEC filings and disclosures revealed the truth about those operations. Investors have until November 16, 2026 to ask the court to appoint them as lead plaintiff, and the firm said that sharing in any recovery does not require serving in that role. Bronstein, Gewirtz & Grossman said it represents investors on a contingency fee basis, asking the court to reimburse out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if the firm is successful.

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Earlier Phoenix American Hospitality Filings

Federman & Sherwood filed a securities class action against Phoenix American Hospitality and related REITs on September 16, 2026, alleging false statements during the class period from March 1, 2022 to July 31, 2024, according to FinancialContent Business Page. The future of trading reported on September 24, 2026 that Bronstein, Gewirtz & Grossman filed a securities class action against Phoenix American Hospitality, its REITs and William Lee Nelson, alleging false or misleading statements during the same class period. GlobeNewswire reported on October 9, 2026 that the firm filed a securities class action against the same defendants over the same class period.

Other Securities Suits Filed This Week

Block & Leviton is investigating LKQ Corp. For potential securities law violations, possibly related to misleading statements about its European ERP rollout, following Q3 results showing a projected net loss and a stock drop over 17%, GlobeNewswire reported on October 23, 2026. Yahoo reported the same day that Bank of America faces regulatory and leadership pressure after over $1.21 billion in anti-money laundering penalties and a new securities class action. Simply Wall St reported on October 23, 2026 that Pinterest faces a securities class action over alleged misstatements on tariffs and advertising.

What Comes Next for Phoenix Investors

Investors who acquired securities in the two REITs during the class period have until November 16, 2026 to request lead plaintiff appointment. The complaint is available through the firm's case page, and Peretz Bronstein, Esq. And Client Relations Manager Nathan Miller can be reached at 917-590-0911.