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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 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.
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louisiana
Ashford Hospitality Trust PT Lowered to $12.00 at Robert W. Baird
2015-06-08 23:04:32| Jewelry - Topix.net
The firm currently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price objective would suggest a potential upside of 41.68% from the company's current price.
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hospitality
Ashford Hospitality Trust Receives Consensus Rating of "Hold" from Brokerages
2015-06-03 23:03:08| Jewelry - Topix.net
Shares of Ashford Hospitality Trust have been given a consensus rating of "Hold" by the seven brokerages that are covering the stock, Market Beat reports . One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company.
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