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Ashford Hospitality Trust Launches Spin-Off REIT

Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide announced that its Aloft brand has opened the Aloft Tulsa Downtown. The opening marks the successful completion of the Aloft brand’s second adaptive re-use project. The former City Hall was transformed into a 180-room ...

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Hyatt Place Brand to Develop Nine Hotels in Brazil

Hyatt Place Brand to Develop Nine Hotels in Brazil

CHICAGO—Hyatt Hotels Corporation announced the execution of an agreement to form a joint venture between a Hyatt affiliate and FSA Group S.A. (FSA), a Libra Group company, to develop and own nine Hyatt Place-branded hotels in Brazil. The total investment ...

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