Reuters logo
BRIEF-Ashford trust announces sale of springhill suites gaithersburg & redemption of OP units
October 4, 2016 / 11:16 AM / a year ago

BRIEF-Ashford trust announces sale of springhill suites gaithersburg & redemption of OP units

Oct 4 (Reuters) - Ashford Hospitality Trust Inc :

* Consideration received from sale was combination of cash and about 2 million class B common units of co’s operating partnership

* Ashford Trust announces sale of springhill suites gaithersburg & redemption of op units

* Closed on sale of 162-room springhill suites gaithersburg in gaithersburg, MD for approximately $13.2 million

* Company also paid off approximately $10.4 million of debt associated with property Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below