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Ashford Trust Completes Acquisition Of Remaining Interest In Highland ...

2015-03-10 05:37:18| Jewelry - Topix.net

The purchase price of $250.1 million was paid in cash and funded by the concurrent refinancing of 24 hotels in the portfolio as well as proceeds from the Company's recent equity offering. The 28-hotel Highland Hospitality portfolio includes 19 full-service hotels and 9 select-service hotels with a concentration in major brands such as Hilton, Marriott, Hyatt and Starwood.

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