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BRIEF-Ashford Prime to acquire Hotel Yountville for $96.5 mln
March 1, 2017 / 9:51 PM / 7 months ago

BRIEF-Ashford Prime to acquire Hotel Yountville for $96.5 mln

March 1 (Reuters) - Ashford Hospitality Prime Inc:

* Ashford Prime announces agreement to acquire Hotel Yountville for $96.5 million

* Intends to finance property with approximately $50 million of non-recourse mortgage debt

* Ashford Hospitality Prime Inc - company also announced that it has signed a non-binding letter of intent to acquire a luxury resort for about $150 million

* Post-Closing of deal, property will be managed by Remington Lodging Source text for Eikon: Further company coverage:

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