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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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ARC Realty Finance Trust Makes First Portfolio Investment

NEW YORK—ARC Realty Finance Trust announced that it closed on its first portfolio investment—a $6.5 million mezzanine loan originated as part of a $57.5 million total financing provided to the ownership of the W Minneapolis, located in downtown Minneapolis, Minn. ...

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Summit Hotel Properties to Acquire Ten Hotels

SIOUX FALLS, S.D.— Summit Hotel Properties, Inc. (the “Company”) announced that it has entered into a definitive agreement to acquire a portfolio of eight unencumbered hotels containing an aggregate of 1,043 guestrooms (the “Hyatt Portfolio”) from certain affiliates of Hyatt ...

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