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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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REITs and the Recovery

Last May, Tom Baltimore, president and CEO of RLJ Lodging Trust, and his management team were engrossed in some strategic thinking. Part of the diverse business portfolio of The RLJ Companies, founded by Robert L. Johnson, who is probably best ...

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