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Reported Earlier, Ashford Hospitality Trust Sold Hilton Boston Back Bay For $171M, Advances Debt Reduction Plan

Author: Benzinga Newsdesk | April 11, 2024 02:02am

Ashford Hospitality Trust has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key).  All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing.

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