Ashford Hospitality scores $580M refi for 16 hotels

by TRD Staff

Ashford Hospitality Trust has snagged a $580 million loan to refinance 16 hotels in Florida and California, including one in Beverly Hills. The Dallas-based real estate investment trust secured the loan backed by the hotels, including the 12-story, 260-room Beverly Hills Marriott at 1150 South Beverly Drive, Commercial Observer reported. Together the hotels have an […]This article originally appeared on The Real Deal. Click here to read the full story.

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