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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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Ashford Increases Assets Under Management by $360M

Ashford Increases Assets Under Management by $360M

Ashford Hospitality Trust has completed its previously-announced acquisition of the remaining 28.26 percent ownership interest of the Highland Hospitality portfolio from its joint venture partner, increasing its assets under management by approximately $360 million. The purchase price of $250.1 million ...

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Ashford Hospitality to Acquire Memphis Marriott East

Ashford Hospitality to Acquire Memphis Marriott East

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for total consideration of $43.5 million in cash ($187,500 per key). The acquisition is expected to close within the ...

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Ashford Trust Acquires Lakeway Resort for $33.5 Million

Ashford Trust Acquires Lakeway Resort for $33.5 Million

DALLAS—Ashford Hospitality Trust has signed a definitive agreement to acquire the 168-room Lakeway Resort & Spa in Austin, Texas, for a total consideration of $33.5 million ($199,000 per key). The acquisition is expected to close within the next 30 days. ...

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Ashford to Buy Out Partner in Highland Portfolio

Ashford to Buy Out Partner in Highland Portfolio

Ashford Hospitality Trust has signed a definitive agreement to acquire the remaining 28.26 percent ownership interest of the 28-hotel Highland Hospitality portfolio from it joint venture partner, Prudential Real Estate Investors. Ashford will purchase the fund’s interest for $250.1 million ...

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