Ashford Hospitality Trust (AHT) Declares $0.12 Quarterly Dividend; 5.9% Yield

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Go back to Ashford Hospitality Trust (AHT) Declares $0.12 Quarterly Dividend; 5.9% Yield

Ashford (AINC) Updates on Managed REITs Acquisitions

June 12, 2015 6:41 AM EDT

Ashford (NYSE: AINC) announced that it is providing a total of $6 million in key money consideration to its managed REITs for two acquisitions. Ashford Inc. will provide $4 million of key money for the $62.5 million acquisition of the 226-room Le Pavillon Hotel in New Orleans, LA by Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") and Ashford Inc. will provide $2 million of key money for the $85 million acquisition of the 62-room Bardessono Hotel and Spa in Yountville, CA by Ashford Hospitality Prime, Inc. (NYSE:... More