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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

DALLAS, Texas—Ashford Hospitality Trust, Inc. announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 The sale price represented a 6.0 percent capitalization rate on trailing 12-month net operating income through March 2024. million ($95,300 per key).

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Hospitality Sales on the up, but Significant Challenges Remain as Operators Look to Save on Costs

Hospitality Net

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

Sales 188
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Ashford Hospitality Trust Sells The Residence Inn Salt Lake City

Hospitality Net

Ashford Hospitality Trust, Inc. The sale is expected to be completed in early 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. The Company provides no assurances that the sale will be completed on these terms or at all.

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Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay

Lodging

DALLAS—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. The company provides no assurances that the sale will be completed on these terms or at all.

Sales 173
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HSMAI Announces 2023 Sales Leader Award Honorees

Hospitality Net

The Hospitality Sales and Marketing Association International (HSMAI) will celebrate four remarkable sales professionals during HSMAI’s Sales Leader Forum in Long Beach, CA on Nov.

Sales 258
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Phuket Hotels Association Goes Live With “Absolutely Fabulous Travel Sale” to Raise Funds for Hospitality Students

Hospitality Net

Phuket Hotels Association, the non-profit organisation of hoteliers focused on creating a sustainable future for Phuket, has announced that its “Absolutely Fabulous Travel Sale” is back with an amazing array of prizes, including heavenly hotel stays and aspirational travel experiences all around the globe.

Sales 246
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CRM for Hotels: 6 Benefits to Unlock Group Sales Success

Hospitality Net

CRM for hotels has become essential not only for connecting with guests but also for driving growth in hotel sales and catering. Many hotels currently operate with fragmented systems for managing customer information, including property management systems (PMS), point of sale tools (POS), and various other operational software.

Sales 187