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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.

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