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Ashford to Buy The Foshay W Hotel Minneapolis, Le Meridien Chambers for $101M

Agreement Will See Transfer of 289 Rooms, $56M in Existing Mortgage Debt
By Justin Sumner
CoStar News
June 25, 2015 | 2:56 P.M.

Ashford Hospitality Trust, Inc. (NYSE: AHT) has signed a definitive agreement to acquire two hotels -- the 229-room W Minneapolis Hotel The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel -- for $101 million in cash, which equates to more than $349,000 per key.

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