LodgingMagazine
DALLAS, Texas—Ashford Hospitality Trust, Inc. announced the completion of the sales of the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and the Residence Inn Evansville East in Evansville, Indiana, for $6 million. When adjusted for the company’s anticipated capital expenditures, the combined sale price represents a 1.3 percent capitalization rate on net operating income or a multiple of 45.3 times Hotel EBITDA for the twelve months ended July 31…
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Ashford Hospitality Trust Announces Two Sales
LODGING Staff
04:30
DALLAS, Texas—Ashford Hospitality Trust, Inc. announced the completion of the sales of the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and the Residence Inn Evansville East in Evansville, Indiana, for $6 million. When adjusted for the company’s anticipated capital expenditures, the combined sale price represents a 1.3 percent capitalization rate on net operating income or a multiple of 45.3
