Home › Ashford Prime Completes Acquisition of The Ritz-Carlton St. Thomas
 

Keywords :   


Ashford Prime Completes Acquisition of The Ritz-Carlton St. Thomas

2015-12-21 19:56:49| Jewelry - Topix.net

Ashford Hospitality Prime, Inc. completed the previously announced acquisition of the 180-room Ritz-Carlton St. Thomas for $64 million from Marriott International, Inc. Concurrent with the completion of the acquisition, the company has financed the hotel with a $42-million non-recourse mortgage loan. This loan is interest only and provides for a floating interest rate of LIBOR + 4.95% with a two-year term with three one-year extension options subject to the satisfaction of certain conditions.

Tags: thomas prime acquisition completes

Category:Consumer Goods and Services

Latest from this category

All news
23.11'Trust and reserve judgement' on rebrand, says Jaguar
23.11UK wants to hire EU negotiator to 'reset' relations
23.11Sisters build global beauty brand from a garage
23.11Versace bag for 15: Why Christmas shoppers are choosing charity shops
23.11'We are being robbed': Homeowners feel trapped by rising fees
22.11'Scammers sent courier to steal 4,000'
22.11Spain fines budget airlines including Ryanair 179m
22.11Formulating Biphasic and Triphasic Products
Consumer Goods and Services »
24.11Costume
24.11BB S604ULS
24.1133
24.11 ElectronicAudioExperimentsDude Incedible
24.11 TC101 5IP 6 NS.NEO 950GH S
24.11
24.11
24.11
More »