Ashford Hospitality Trust Agrees to Sell Hilton Boston Back Bay for $171M
Ashford Hospitality Trust To Sell Hilton Boston Back Bay for $171M
Ashford Hospitality Trust has recently agreed to sell the Hilton Boston Back Bay hotel in Boston, Massachusetts for $171 million. This decision is in line with the company's strategic financing plan aimed at optimizing its financial structure and enhancing shareholder value.
Strategic Move Revealed
The sale of the Hilton Boston Back Bay signifies a key strategic move for Ashford Hospitality Trust, as it seeks to strengthen its financial position and support its future growth initiatives. By divesting this prestigious property, the company aims to achieve greater financial flexibility and improve its overall performance.
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