Kolter urban llc acquired a 1.65-acre parking lot in st. petersburg from ashford hospitality trust, inc. (nyse:aht) for $17.5 million.

Kolter urban llc acquired a 1.65-acre parking lot in st. petersburg from ashford hospitality trust, inc. (nyse:aht) for $17.5 million on october 15, 2019. the consideration would be paid overtime. the first payment tranche resulted in $8 million of debt paydown. as part of the agreement, following project completion, the company will have ownership rights to 205 covered parking spaces in the new parking garage for use by hilton st. petersburg bayfront guests. kolter urban llc completed the acquisition of a 1.65-acre parking lot in st. petersburg from ashford hospitality trust, inc. (nyse:aht) on october 15, 2019
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