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Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Shaner Launches New REIT

Shaner Launches New REIT

In response to the changing trends in the hotel industry, Shaner Hotel Group (SHG), based in State College, Penn., along with Almanac Realty Securities VI, an investment vehicle managed by New York-based Almanac Realty Investors, announced the launch of a ...

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Creative Approaches to Hotel Financing

Creative Approaches to Hotel Financing

Hotel financing is getting easier to come by in today’s recovering economic climate, but that hasn’t stopped many developers from taking creative approaches to funding their projects. “The landscape is radically different than it was at the peak of the ...

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The High Cost of Raising Room Rates

The High Cost of Raising Room Rates

The highlight of the recovery from the recent recession has been the strong rebound in lodging demand. According to Smith Travel Research (STR), occupancy levels at U.S. hotels increased from a low of 54.5 percent in 2009 to 61.4 percent ...

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Leisure Reservations Surged in April

Leisure Reservations Surged in April

DALLAS—Pegasus Solutions has issued data showing that the leisure market in North America surged ahead in April by an impressive +7.0 percent, surpassing the global rate of +6.2 percent. Corporate bookings struggled to maintain the record global pace of +8.8 ...

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