Ashford Hospitality Prime
Ashford Prime Repositions as Braemar Hotels & Resorts
Ashford Hospitality Prime will now be known as Braemar Hotels & Resorts, emphasizing its new focus on luxury hotel and resort properties.
Luxury Sarasota Resort Commands $171M
Ashford Hospitality Prime has agreed to purchase the 266-key Ritz-Carlton hotel, reflecting the REIT’s strategy of acquiring institutional-quality assets in high-growth markets across the U.S.
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
Courtyard Philadelphia to Join Autograph Collection
The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.
Ashford Prime Extends Ground Lease for San Diego Hilton
The company has extended the lease at the 394-key property by 24 years, with a new expiration date in 2067. The agreement also provides for a further extension opportunity.
Ashford Snags Park Hyatt Beaver Creek for $146M
The acquisition falls in line with the company’s strategy of establishing a presence in the Vail Valley market.
Napa Valley Hotel Sells for $1.2M per Key
Ashford intends to finance the purchase with about $50 million of non-recourse mortgage debt.