Ashford Hospitality Trust Inc.

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  • Ashford Hospitality Trust Procures $33.3M Financing for Acquisition of Marriott Hotel

    After announcing that it entered a definitive purchase agreement to buy the 232-room Marriott Memphis East Hotel back in January, Ashford Hospitality Trust, Inc. wasted no time in procuring financing and closing on the hotel.

    South 31 March 2015 21:21
  • Ashford Hospitality Trust Buys Memphis Marriott East Hotel for $43.5M

    By Liviu Oltean, Associate Editor Ashford Hospitality Trust Inc. signed a definitive agreement to purchase the 232-room Memphis Marriott East Hotel for $43.5 million or $187,500 per room. According to an official statement, the acquisition price represents a trailing 12-month cap rate of 7.6 percent on net operating income. “This transaction was particularly attractive given [...]

    South 28 January 2015 17:50
  • Ashford Trust to Buy Lakeway Resort for $33.5M

    The strong Austin economy and the sustained growth in the technological sector, mixed with increasing visitation, appeals more and more to investors. Recently, Dallas-based Ashford Hospitality Trust announced that it has signed an agreement to acquire Lakeway Resort & Spa for $33.5 million. The acquisition should close within the next 30 days, and Remington Lodging will take on the management responsibilities. The seller is the joint venture formed by Dow Hotel Co. and the Carlyle Group.

    Austin 20 January 2015 15:08
  • CNL Financial Group

    A specialist in sponsoring non-tradable REITs, CNL Financial Group has taken three of its investments "full circle" in the past decade.

    National 16 April 2012 14:01

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