ashford hospitality trust, inc.
Ashford Trust Completes Acquisition of The Embassy Suites New York Midtown Manhattan For $195 Million
January 24, 2019
DALLAS, Jan. 24, 2019 -- Acquisition Highlights: Newly-constructed, 310-room, fee-simple, full-service hotel located in the dynamic Midtown section of Manhattannear Times Square and Bryant Park Uniquely positioned as the only Embassy Suites hotel in Manhattan Exceptional amenities including three F&B outlets, 4,000 square feet of flexible meeting space, attractive outdoor sky-lawn, 47-space garage, and state-of-the-art fitness center Revenue per available room (RevPAR) of $254 for the 3 months ended December 31, 2018 Property is in excellent physical condition with limited capex needs In connection with this acquisition, Ashf...
Ashford Hospitality Trust to Sell 5-Hotel Select-Service Portfolio to Noble Investment Group for $142 million
Ashford Hospitality Trust | April 19, 2016
DALLAS, April 19, 2016 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group ("Noble"). The portfolio is comprised of the 146-room Courtyard Edison in Edison, NJ; the 150-room Residence Inn Buckhead in Atlanta, GA; and the 312-room Courtyard Lake Buena Vista, 388-room Fairfield Inn Lake Buena Vista and 400-room Springhill Suites Lake Buena Vista in Orlando, FL. The three Orlando prope...
Ashford Trust Announces Planned Sale of Select-Service Hotel Portfolio & Other Strategic Initiatives
Ashford Hospitality Trust | June 26, 2015
DALLAS, June 26, 2015 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today several strategic initiatives. The Company has analyzed numerous strategies to maximize shareholder value with its select-service hotels including: raising private capital and forming a joint venture, a spin-off similar to Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime"), holding the select-service assets indefinitely, and/or selling many or all the select-service assets. After a full analysis of the potential strategies and in response to investor feedback, the Company announced today that it intends to ...
