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Ashford to Buy Out Partner in Highland Portfolio

Ashford to Buy Out Partner in Highland Portfolio

Ashford Hospitality Trust has signed a definitive agreement to acquire the remaining 28.26 percent ownership interest of the 28-hotel Highland Hospitality portfolio from it joint venture partner, Prudential Real Estate Investors. Ashford will purchase the fund’s interest for $250.1 million ...

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Ashford Hospitality Trust Announces Spin-Off

Ashford Hospitality Trust Announces Spin-Off

DALLAS—Ashford Hospitality Trust, Inc. has announced the completion of the previously announced spin-off of Ashford Inc. Following the spin-off, Ashford Inc. is now an independent publicly traded asset management company focused on managing real estate, hospitality, and securities platforms both ...

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Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

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Ashford Trust to Acquire Fremont Marriott Silicon Valley

Ashford Trust to Acquire Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. announced today that it has signed a definitive agreement to acquire the 357-room Fremont Marriott Silicon Valley hotel. The acquisition is expected to close within the next 30 days. Located in the vibrant Silicon Valley submarket ...

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Ashford Trust Announces Retirement of CFO

Ashford Trust Announces Retirement of CFO

DALLAS—Ashford Hospitality Trust Inc. recently announced that David Kimichik, chief financial officer and treasurer, will retire on June 13, 2014, following a career spanning over 32 years with the company and its predecessor. Deric Eubanks, currently the company’s senior vice ...

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