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Embassy Suites by Hilton Orlando-Airport Completes Renovation

Embassy Suites by Hilton Orlando-Airport Completes Renovation

ORLANDO—The 174-suite Embassy Suites by Hilton Orlando-Airport completed a renovation of its guest suites and public spaces, including the lobby, restaurant, bar, meeting rooms, business center, and fitness center. The all-encompassing redesign of the hotel’s seven-story atrium and lobby adds ...

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Ashford Trust Completes Refinancing of 34 Hotels

Ashford Trust Completes Refinancing of 34 Hotels

DALLAS—Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing in upper upscale, full-service hotels, announced today that it has refinanced seven mortgage loans with existing outstanding balances totaling approximately $1.07 billion. The previous mortgage loans that were ...

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Ashford Hospitality Trust Proposes to Acquire FelCor

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 ...

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Ashford Closes on SpringHill Suites Gaithersburg

Ashford Closes on SpringHill Suites Gaithersburg

DALLAS—Ashford Hospitality Trust has announced that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, Md. for approximately $13.2 million ($81,000 per key). The purchase price for the SpringHill Suites Gaithersburg represents a trailing 12-month ...

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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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