Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay
DALLAS—Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, Massachusetts, for $171 million ($438,000 per key). The sale is expected to be completed in March and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. For the trailing 12 months ended Dec. 31, 2023, the hotel’s net income […]
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