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Ashford Trust Completes Acquisition of Marriott Memphis East

2015-02-26 17:12:19| 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 completed the previously announced acquisition of the 232-room Marriott Memphis East hotel for total consideration of On a forward 12-month basis, the purchase price represents an estimated cap rate of 8.6% on net operating income and an estimated 10.3 times forward EBITDA multiple.

Tags: east trust acquisition memphis

Ashford Trust acquisition of Lakeway Resort complete

2015-02-10 17:40:13| Jewelry - Topix.net

Ashford Hospitality Trust, Inc. said it has completed the acquisition of the 168-room Lakeway Resort & Spa for a total consideration of USD33.5 million. The company said the purchase price of USD33.5 million represents a forward 12-month estimated cap rate of 8.7 percent on net operating income.

Tags: complete trust resort acquisition

UK's Network Rail to upgrade Ashford Bowdler level crossing

2015-02-03 01:00:00| Railway Technology

UK's rail infrastructure operator Network Rail is set to upgrade the Ashford Bowdler level crossing in Shropshire in a bid to improve safety at level crossings.

Tags: level network upgrade crossing

Ashford Trust Forms Ashford Hospitality Select

2015-01-29 17:47:47| Jewelry - Topix.net

Ashford Hospitality Trust, Inc.'s board of directors has approved the formation of Ashford Hospitality Select, Inc., a new privately held company dedicated to investing primarily in existing premium branded, upscale and upper-midscale, select-service hotels, including extended-stay hotels, in the United States. Ashford Select is expected to launch sometime in the first half of this year.

Tags: select forms trust hospitality