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Ashford Hospitality Trust buys JV partner's interest in Highland Hospitality portfolio
2015-03-09 16:03:16| Jewelry - Topix.net
The 28-hotel portfolio includes 19 full-service hotels and nine select-service hotels with a concentration in major brands such as Hilton, Marriott, Hyatt and Starwood. In connection with the transaction, the company refinanced 24 of the 28 hotels in the portfolio with a new $1.07 billion non-recourse mortgage loan.
Tags: interest
partners
trust
portfolio
Ashford Hospitality Trust Downgraded by Credit Suisse to Neutral
2015-03-02 17:43:36| Jewelry - Topix.net
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a "buy" rating and set a $12.50 price target on shares of Ashford Hospitality Trust in a research note on Sunday.
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trust
suisse
neutral
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
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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
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
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hospitality
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