Ashford Trust Plans Exit from Select-Service


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Bennett says the Ashford group is moving toward “very well-defined, distinct strategies.”

DALLAS—Ashford Hospitality Trust Inc. said Friday it would focus mainly on upper upscale, full-service hotels from now on, and plans to sell off its select-service properties. To that end, the Dallas-based hotel REIT said it would put a portfolio of 23 select-service properties on the market immediately, with plans to divest the remainder opportunistically in the future.

“Beginning in November 2013, with the spinoff of Ashford Prime, the Ashford Trust strategy has been evolving,” saysMonty J. Bennett, AHT’s chairman and CEO. “We feel that these changes are another step towards our goal with the Ashford group of companies of having very well-defined, distinct strategies within our investment platforms.”…

Ashford Trust Plans Exit from Select-Service

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