Ashford Trust to Acquire the Hilton Alexandria Old Town for $111 Million and Introduces New Funding Program With Ashford Inc.

June 27, 2018

DALLAS, June 27, 2018 -- Highlights: Ashford Inc. to provide Ashford Trust with funding of a maximum of $50 million in connection with up to $500 million of future Ashford Trust hotel acquisitions Designed to enhance Ashford Trust shareholder returns Estimated to increase asset level internal rates of return by 700 - 1,200 basis points1 Programmatic commitment effectively reduces amount of equity funding by Ashford Trust on investments Ashford Trust currently holds $286 million in excess corporate cash Ashford Inc. to commit $11.1 million to Ashford Trust in connection with the expected $111 million acquisition of the Hilton A...