NEW YORK (Thomson Financial) - Ashford Hospitality Trust Inc. Monday said it
restructured two of its joint ventures with Hilton Hotels.
Ashford received a 100% ownership in nine hotels, while Hilton received a
100% ownership in two hotels.
Ashford said the deal would be neutral to its earnings. The benefits from
the exchange would be "more long-term in nature," the company said.
Ashford is a Dallas-based real estate investment trust focused on the
hospitality industry. Its stock closed Friday at $7.47.
Ryan Vlastelica
rv/jw
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