Tag: REIT
On the Money
Michael Medzigian was something of an anomaly when he first began raising investment funds in the early 1990s. Having graduated from the School of...
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,...
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...
Chesapeake Lodging Trust Acquires W New Orleans – French Quarter
ANNAPOLIS, Md.—Chesapeake Lodging Trust announced that it has purchased the W New Orleans – French Quarter from Starwood Hotels & Resorts Worldwide for $25.5...
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...