Closing Net Operating Income Sales Process 
Hotel Business
FEBRUARY 29, 2024
The sale is expected to be completed in March and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 2023 hotel EBITDA.
Hotel Business
APRIL 29, 2024
has closed on the sale of the 85-room Hampton Inn Lawrenceville in Lawrenceville, GA, for $8.1 The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. Ashford Hospitality Trust Inc. million ($95,300 per key). appeared first on hotelbusiness.com.
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