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Ashford Hospitality Trust Inc. 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 netincome was $2.3 million, its netoperatingincome was $14.9
Ashford Hospitality Trust Inc. 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 netoperatingincome through March. million ($95,300 per key). appeared first on hotelbusiness.com.
Ashford Hospitality Trust Inc. The sale is expected to be completed in January and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. When adjusted for the company’s anticipated capital expenditures, the sale price represents a 5.9%
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