Ashford Hospitality Trust and PREI(R) Form $400 Million Mezzanine Joint Venture (Centre Daily Times)
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced it has formed a joint venture with Prudential Real Estate Investors (PREI) to invest in structured debt and equity hotel investments in the United States. The joint venture, which is expected to be funded over the next two years, will ultimately be capitalized with $300 million from investors in a fund managed by PREI and $100 million …