Ashford, Hilton repackage hotel joint venture

12/18/2007 | GlobeSt.com

Ashford Hospitality Trust will get 100% ownership of nine hotels, and Hilton Hotels Corp. will get two properties, under the terms of a reworked deal. Two other hotels that Ashford acquired with Hilton in a $2.4 billion buyout of Orlando-based CNL Hotels & Resorts in April -- the Capital Hilton in Washington, D.C., and the Hilton La Jolla Torrey Pines in California -- were not affected by the new agreement.

View Full Article in:

GlobeSt.com

Published in Brief: