Ashford to sell Hilton Boston Back Bay for $171M
Hotel Business
FEBRUARY 29, 2024
31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 When adjusted for the company’s anticipated capital expenditures, the sale price represents a 7.3% capitalization rate on 2023 net operating income, or 12.3x 2023 hotel EBITDA.
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