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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...
Hersha Hospitality Trust Drives Value with Detailed Approach
The landscape of hospitality has changed significantly since Hersha Hospitality Trust became a publicly traded enterprise in 1999. But Chief Executive Officer Jay H. Shah is confident in the diverse set of tools the...
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...
Summit Hotel Properties Sells Portfolio for $108.3 Million
AUSTIN—Summit Hotel Properties, Inc. has announced the completion of the sale of six hotels with a total of 707 guestrooms to affiliates of American Realty Capital Hospitality Trust, Inc. (ARCH) for an aggregate selling...
Ashford Hospitality Trust Acquires Minneapolis Hotels
Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to acquire two Minneapolis hotels, the 229-room W Minneapolis Hotel—The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel, for total consideration...