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Ashford Trust Completes Acquisition Of Remaining Interest In Highland ...

2015-03-10 05:37:18| Jewelry - Topix.net

The purchase price of $250.1 million was paid in cash and funded by the concurrent refinancing of 24 hotels in the portfolio as well as proceeds from the Company's recent equity offering. The 28-hotel Highland Hospitality portfolio includes 19 full-service hotels and 9 select-service hotels with a concentration in major brands such as Hilton, Marriott, Hyatt and Starwood.

Tags: interest trust remaining acquisition

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.

Tags: credit trust suisse neutral

Ashford Prime Reports Fourth Quarter And Year End 2014 Results

2015-02-28 06:24:27| Jewelry - Topix.net

RevPAR for all Ashford Prime hotels increased 11.0% to $161.30 during the fourth quarter, driven by a 3.8% increase in ADR and a 7.0% increase in occupancy Ashford Hospitality Prime, Inc. yesterday reported the following results and performance measures for the fourth quarter ended December 31, 2014. On November 19, 2013, the Company completed its spin-off from Ashford Hospitality Trust, Inc. , but the Company has presented its prior year financial statements in accordance with GAAP, which requires that historical carve-out financial statements be presented.

Tags: year results end reports