Keyword: Ashford Hospitality Trust
Higher occupancy can lead to higher costs and lower profits. Instead, focus on these metrics and strategies to drive revenue.
The New Orleans hotel now offers OpenKey’s smartphone technology platform with dormakaba room locks.
FelCor will become part of a wholly owned subsidiary of RLJ in an all-stock transaction.
The hotel, which is located in Gaithersburg, Md., was sold for $13.2 million, or $81,000 per key.
The portfolio, consisting of 1,396 rooms, is selling for $102,000 per key.
Shareholders approved the combined company, which will have nearly 240 properties in its portfolio.
Dallas-based Ashford Hospitality Trust completed the $1.75-billion buyout of the 28-hotel Highland Hospitality portfolio. The portfolio consisted of 19 full-service and nine select-service properties from brands including Hilton, Marriott, Hyatt and Starwood.