Ashford Trust To Acquire The W Atlanta Downtown Hotel For $56.8 Million

Ashford Hospitality Trust | June 12, 2015

DALLAS, June 11, 2015 -- Acquisition Highlights: •Purchase price represents an estimated forward 12-month cap rate of 7.2% and an estimated forward 12-month EBITDA multiple of 11.6x •Ideal Downtown Atlanta location proximate to multiple growing demand generators •Hotel is in excellent physical condition having been recently built in 2009 •Purchase price represents an approximately 40% discount to replacement cost Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has signed a definitive agreement to acquire the 237-room W Atlanta Downtown hotel for total consideration of $56.8 ...