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Ashford to sell Hilton Houston NASA Clear Lake for $27M

Hotel Business

When adjusted for the company’s anticipated CapEx, the sale price represents a 3.2% capitalization rate on net operating income or 23.6x Excluding the anticipated capital spend, the sale price represents a 5% capitalization rate on net operating income or 15.2x of meeting and event space.

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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

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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Ashford Trust sells Georgia Hampton Inn for $8.1M

Hotel Business

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). million KEYS A Loan Pool and the $174.4-million

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Ashford Trust to sell Boston Courtyard for $123M

Hotel Business

When adjusted for the company’s anticipated capital expenditures, the sale price represents a 5.9% capitalization rate on net operating income for the trailing 12 months ended Sept. Excluding the anticipated capital spend, the sale price represents a 6.9% hotel EBITDA for the same time period.