Ashford hospitality trust, inc. enters into new franchise agreement for the hilton alexandria old town

Ashford hospitality trust, inc. announced that it has entered into a new franchise agreement for the 252-room hilton alexandria old town that it acquired in june 2018. under the new franchise agreement, the hotel will transition from being hilton-managed to being managed by remington lodging. the management conversion is effective as of october 1, 2019 and does not require a property improvement plan. ashford hospitality trust is a real estate investment trust (reit) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels. ashford has created an ashford app for the hospitality reit investor community. the ashford app is available for free download at apple's app store and the google play store by searching ashford.
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