Market Commentary on Ashford Hospitality Trust Inc.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-19 January 2007-Large Cap News: Market Commentary on Ashford Hospitality Trust Inc.(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:19012007 Market Commentary on Ashford Hospitality Trust Inc. (NYSE:AHT) Ashford Hospitality is in with the inn crowd. A real estate investment trust (REIT), Ashford Hospitality invests in hotel properties and mortgages; it owns more than 70 limited- and full-service properties in about 20 states operating under such brands as Hilton, Independents, Marriott, and Radisson.

The firm typically buys distressed hotels for revamping. Many properties are managed by Remington Hotel Corporation (owned by chairman Archie Bennett and CEO Monty Bennett). The REIT also provides mezzanine financing, invests in hotel mortgage-backed...

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)