Ashford Hospitality Sells Courtyard Boston Downtown for $123M

Ashford Hospitality Trust, Inc. (AHT) recently closed the sale of the 315-room Courtyard Boston Downtown located in Boston, MA, for $123 million ($390,500 per key).This sale will deleverage its BAML Highland Pool loan and also result in significant capital expenditure savings going forward.Per Stephen Zsigray, president and CEO of Ashford, "We are encouraged by the improved sentiment we are seeing in both the transaction and financing markets and the progress we are making with our recently announced GRO AH ...