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Ashford Completes $142 Million Sale

Ashford Completes $142 Million Sale

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The 5-hotel portfolio is comprised of the ...

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Ashford Hospitality Trust Sells $142 Million Portfolio

Ashford Hospitality Trust Sells $142 Million Portfolio

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The portfolio is comprised of ...

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Ashford to Acquire Remington Holdings

Ashford has entered a combination agreement with Remington Holdings LP, a hotel property and project management company, reports RTT News. According to the article, Ashford said it will create a new subsidiary structure that will acquire an 80 percent stake ...

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Ashford Prime to Explore Strategic Alternatives

Ashford Hospitality Prime is exploring a full range of strategic alternatives, including a possible sale of the company, less than two years after it was spun off from Ashford Hospitality Trust. The company has retained Deutsche Bank Securities as its ...

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Beverly Hills Marriott Debuts After $26 Million Renovation

Beverly Hills Marriott Debuts After $26 Million Renovation

Ashford Hospitality Trust has completed the conversion of the 260-room Beverly Hills Marriott, formerly the Crowne Plaza Beverly Hills. The rebranding follows an extensive $26 million renovation of all guest rooms and public space, as well as exterior enhancements. The ...

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Ashford Acquires W Atlanta Downtown for $56.8 Million

Ashford Acquires W Atlanta Downtown for $56.8 Million

Ashford Hospitality Trust has completed the previously-announced acquisition of the 237-room W Atlanta Downtown hotel for total consideration of $56.8 million ($239,000 per key). The purchase price represents an estimated forward 12-month cap rate of 7.2 percent on net operating ...

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