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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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