Ashford Hospitality Trust buys a hotel in Phoenix as part of a larger portfolio deal.
Here's a quick breakdown of the biggest movers in the REIT market over last week.
Here's our breakdown of the best and worst REIT performers last week.
Noble Investment Buys Ashford Hospitality's Orlando Portfolio In Big Market Grab
REIT stocks dropped nearly 3% amid stock market volatility Monday.
Hotel owners voiced optimism for 2022, with leisure exceeding 2019 levels and business travel projected to return to full capacity in the coming months.
Ashford Hospitality Trust has begun selling assets in a bid to pay down debt incurred at the height of the pandemic.
The board reinstated Monty Bennett and Kamal Jafarnia following what it claims was a "proxy campaign" from activist investor Blackwells Capital to oust them.
Leaders at the nation’s top hotel chains and hospitality REITs pointed to strong quarterly performance in their business segments on their earnings calls.
Lodging Capital Partners purchased the property next to the King Street-Old Town Metro station for $58M from Ashford Hospitality Trust.
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