A Texas real estate investment trust, hit hard by the impact of the global pandemic on the hospitality industry, has sold its only Manhattan hotel to satisfy debts tied to the property.
Ashford Hospitality Sells Its Only Manhattan Hotel to Pay Debts Totaling $145 Million
Hospitality REIT Had Been Trying to Find a Solution to Keep the Hotel
CoStar News
August 26, 2020 | 10:28 P.M.
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IN THIS ARTICLE
- Properties
- Courtyard Boston Billerica/Bedford
270 Concord Rd, Billerica, MA
- Hampton by Hilton Inn & Suites Pittsburgh
301 Waterfront Dr, Homestead, PA
- Embassy Suites by Hilton
60 37th St, New York, NY
- Hampton Inn Phoenix-Airport North
601 44th St, Phoenix, AZ
- Hampton Inn & Suites Pittsburgh-Meadow Lands
475 Johnson Rd, Washington, PA