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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

DALLAS, Texas—Ashford Hospitality Trust, Inc. percent capitalization rate on trailing 12-month net operating income through March 2024. All the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million ($95,300 per key).

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Ashford Hospitality Trust Sells The Residence Inn Salt Lake City

Hospitality Net

Ashford Hospitality Trust, Inc. capitalization rate on 2023 net operating income, or 18.2x capitalization rate on 2023 net operating income, or 14.0x The sale is expected to be completed in early March and is subject to normal closing conditions. 2023 Hotel EBITDA. 2023 Hotel EBITDA.

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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

Ashford Hospitality Trust Inc. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 capitalization rate on 2023 net operating income, or 12.3x

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Ashford Trust sells Georgia Hampton Inn for $8.1M

Hotel Business

Ashford Hospitality Trust Inc. The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million ($95,300 per key).

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Improve Hotel Bottom Line with Hotel Profitability Analysis

eZee Absolute

Introduction In an industry as competitive and dynamic as hospitality, understanding the factors that drive profitability is crucial for the success of any hotel business. Hotel profitability analysis is a multifaceted approach that considers revenue generation, cost management, and operational efficiency. Well, yes and no.

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IDeaS report reveals investors high on revenue management tech

Hotel Business

IDeaS , a SAS company, has released the report “ Unlocking Hotel Performance: The Power of Revenue Management Technology Today ,” which includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality and how technology is reshaping hospitality commercial organizations.

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DiamondRock acquires Chico Hot Springs Resort

Hotel Business

DiamondRock Hospitality Company has acquired the fee-simple interest in the Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, MT, near Yellowstone National Park. Chico was acquired from an individual owner-operator and is an independent resort, completely unencumbered by brand and management agreements.

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