February 16, 2018 / 1:33 PM / 6 months ago

BRIEF-Ashford Prime To Acquire The Ritz-Carlton Sarasota For $171 Mln

Feb 16 (Reuters) - Ashford Hospitality Prime Inc:

* ASHFORD PRIME ANNOUNCES AGREEMENT TO ACQUIRE THE RITZ-CARLTON SARASOTA FOR $171 MILLION

* ASHFORD HOSPITALITY PRIME INC - ‍ENTERED DEFINITIVE AGREEMENT TO ACQUIRE 266-ROOM RITZ-CARLTON SARASOTA IN SARASOTA, FLORIDA FOR $171 MILLION​

* ASHFORD HOSPITALITY PRIME INC - ‍ALSO ACQUIRING A 22 ACRE PLOT OF VACANT LAND FOR $9.7 MILLION​

* ASHFORD HOSPITALITY PRIME INC - ‍TO ACQUIRE 266-ROOM RITZ-CARLTON SARASOTA IN SARASOTA, FLORIDA FOR $171 MILLION, $643,000 PER KEY

* ASHFORD HOSPITALITY- ‍TO FUND RITZ-CARLTON DEAL, TO USE CASH,EITHER DRAWING ON REVOLVING CREDIT LINE OR SECURING MORTGAGE LOAN ON PROPERTY​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below