Ashford Hospitality Trust Inc. is officially in business in New York City. The Dallas-based real estate investment trust paid $195 million to buy the newly built 310-room Embassy Suites by Hilton New York in the Garment District, the company announced Wednesday. It’s the firm’s first acquisition in the Big Apple. “The hotel is a high-quality, well-positioned asset that we expect will benefit from the positive trends occurring in the dynamic Manhattan market,” Ashford CEO Douglas […]
source https://therealdeal.com/2019/01/23/ashford-picks-up-midtown-hotel-for-195m/
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