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Article: Ashford Hospitality Trust to Acquire Four-Hotel Portfolio from Noble Investment Group.
- Article from:
- Business Wire
- Article date:
- October 31, 2003
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Business Editors
DALLAS--(BUSINESS WIRE)--Oct. 31, 2003
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced it has signed a definitive agreement with Noble Investment Group to acquire a four-property, 393-room portfolio of hotels for $33,850,000. The acquisition is expected to close in late November 2003.
The portfolio consists of the following Hilton and Marriott branded hotels: the Hilton Garden Inn in Jacksonville, Florida; the SpringHill Suites by Marriott in Jacksonville, Florida; the Homewood Suites in Mobile, Alabama; and the Hampton Inn in Atlanta/Lawrenceville, Georgia. Ashford intends to invest an additional $1.0 million of ...