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Goldman Sachs Sells Hotels to Moody National REIT

Goldman Sachs Sells Hotels to Moody National REIT

Goldman Sachs Group Inc. is selling 149 hotels acquired during the last 10 years to Moody National REIT Inc. for $1.73 million, according to Bloomberg News. The report comes from two anonymous sources who are aware of the transaction. The ...

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Ashford Trust to Acquire Nine-Hotel Portfolio for $224M

Ashford Trust to Acquire Nine-Hotel Portfolio for $224M

Ashford Hospitality Trust has signed a definitive agreement to acquire a nine-hotel portfolio for total consideration of $224 million in cash ($179,000 per key). The company anticipates financing the portfolio with non-recourse debt of approximately $179 million. Upon closing, all ...

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Apple Hospitality REIT Goes Public

Apple Hospitality REIT Goes Public

Richmond, Va.-based Apple Hospitality REIT announced today that its common shares have been listed and have begun trading on the New York Stock Exchange. In connection with its listing on the NYSE, Apple Hospitality has commenced a modified “Dutch auction” ...

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Hotels Ramp Up Sex Trafficking Awareness Training

In an effort to combat sex trafficking in Omaha, Neb., Magnolia Hotel has become the first participant in a pilot project that trains hotel staff to spot and address victims, according to Omaha.com. The project, helmed by the Coalition on ...

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Hilton REIT Spinoff Seen More Likely

Hilton REIT Spinoff Seen More Likely

Shares of Hilton Worldwide Holdings fell more than 1 percent on Monday after the company announced that certain selling stockholders affiliated with the Blackstone Group have commenced a secondary offering of 90 million shares of Hilton common stock. The move ...

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