Texas-based Ashford Hospitality Trust said it has closed on a $113 million loan that is secured by downtown's Renaissance Hotel and one of its properties in New Jersey. The move lowers Ashford's interest rate and frees up almost $30 million for capital spending. The REIT teamed up in early 2011 with Prudential Real Estate Investors to acquire the Renaissance and 27 other hotels.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS