Keyword: Ashford Hospitality Trust
The real estate investment trust also plans to enter a new franchise agreement in Virginia.
Ashford Hospitality Trust sold a 156-room Courtyard by Marriott in Savannah, Ga., and a 128-room Hilton Garden Inn in Wisconsin Dells, Wis.
The hotel includes 251 guestrooms, 17,000 square feet of meeting space, three food-and-beverage venues, an outdoor pool and a fitness center.
The property is the ninth Remington-managed property to open in the San Francisco Bay area.
Ashford Hospitality Trust purchased the California hotel from The Arden Group.
The properties were acquired, in part, through the use of Ashford's Enhanced Return Funding Program.
The Chicago hotel offers a high-tech experience, starting with a seamless keyless check-in process, after the installation of OpenKey’s technology.
The Twitter bursts and tabloid bedlam that have been emblematic so far of the Donald Trump presidency are showing no signs of tripping up the hotel industry, says a new report from HotStats.
The transaction, which is expected to close during the third quarter of 2018, is subject to approval by the company's stockholders and customary closing conditions.
Higher occupancy can lead to higher costs and lower profits. Instead, focus on these metrics and strategies to drive revenue.