Douglas Kessler
Ashford Hospitality Completes 22-Hotel Portfolio Refi
The Dallas-based hotel REIT is continuing its strategy of taking advantage of an attractive lending market, closing its second refinancing this year on the heels of several late 2017 transactions.
Ashford Trust Refinances 8-Hotel Portfolio
Secured by assets across several states, the previous mortgage loan had an outstanding balance of roughly $377 million and was due to mature in 2020.
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.