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Ashford Trust Plans Exit from Select-Service
2015-06-26 22:11:47| Jewelry - Topix.net
Ashford Hospitality Trust Inc. said Friday it would focus mainly on upper upscale, full-service hotels from now on, and plans to sell off its select-service properties. To that end, the Dallas-based hotel REIT said it would put a portfolio of 23 select-service properties on the market immediately, with plans to divest the remainder opportunistically in the future.
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ashford
Ashford Trust to Acquire Two Minneapolis Hotels for $101M
2015-06-25 17:30:31| Jewelry - Topix.net
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others! DALLAS - Ashford Hospitality Trust, Inc. has signed a definitive agreement to acquire two Minneapolis hotels: the 229-room W Minneapolis Hotel - The Foshay and the 60-room Le As part of the transaction, the company will assume approximately $56 million of mortgage debt on the W Minneapolis Hotel.
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minneapolis
Ashford Hospitality closes 9-hotel portfolio acquisition
2015-06-18 03:17:41| Jewelry - Topix.net
The purchase price represents trailing and forward 12-month cap rates of 7.4% and 7.7%, respectively, on NOI. On a trailing 12-month basis, the portfolio achieved RevPAR of $100, occupancy of 76% and ADR of $132.
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closes
Ashford Adopts Key Money Concept for REITs' Buys
2015-06-12 22:50:56| Jewelry - Topix.net
Ashford Inc. said Thursday afternoon it had adopted the 'key money' concept to help its managed REIT s fund two acquisitions. The two deals, AINC's first to utilize the concept, were among three that the Dallas-based company and its REITs announced Thursday, totaling more than $200 million.
Ashford Trust Announces Acquisition of the Le Pavillon Hotel in New Orleans, Louisiana
2015-06-12 02:49:09| Jewelry - Topix.net
Purchase price equates to an estimated forward 12-month cap rate of 7.8% and an estimated forward 12-month EBITDA multiple of 11.4x Ashford Hospitality Trust, Inc. announced today that it has completed the acquisition of the 226-room Le Pavillon Hotel for total consideration of market, the hotel features approximately 7,800 square feet of meeting space across nine rooms. At closing, Remington Lodging assumed property management.
Tags: hotel
trust
acquisition
louisiana
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