Reported Earlier, Ashford Hospitality Trust Sold Hilton Boston Back Bay For $171M, Advances Debt Reduction Plan
Benzinga Newsdesk 2 years ago
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Ashford Hospitality Trust has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key). All of the proceeds from the sale were
Ashford Hospitality Trust has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key). All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing.