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Stock impact report

Santa Fe's La Posada hotel slated to change hands in nearly $58 million deal [Yahoo! Finance]

Ashford Hospitality Trust Inc (AHT) 
Last ashford hospitality trust inc earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ahtreit.com
Company Research Source: Yahoo! Finance
One of downtown Santa Fe's well-known hospitality properties appears to be on its way to new owners. Ashford Hospitality Trust, the current owner of La Posada de Santa Fe, announced that it had entered into a definitive agreement to sell the property for nearly $58 million in a Feb. 24 news release. The company said the transaction is expected to close this month, but added it provides “no assurances that the sale will be completed on these terms or at all.” The company did not name the buyer and, on Thursday, an Ashford spokesperson declined to comment further on the transaction. The purchase agreement came nearly four months after brokerage firm Hunter Hotel Advisors listed the historic property for sale. The listing touted the hotel's proximity to the Santa Fe Plaza, making it “a rare opportunity to acquire a landmark, institutionally branded asset in one of the Southwest' s most desirable and supply-constrained hotel markets.” The property was originally built as a privat Show less Read more
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