Transactions
Feb. 28, 2006
DAILY DEALS -- Transactions for Feb. 27
SAN FRANCISCO - Ashford Hospitality Trust purchased the 338-room Pan Pacific San Francisco Hotel from W2001 Pac Realty LLC, a joint venture between Whitehall Street Global Real Estate Limited Partnership 2001 and affiliates of Oxford Lodging Advisory & Investment Group LLC, for $95 million in cash. On a forward 12-month basis, the purchase price equates to a net operating income capitalization rate of 6.5 percent, an EBITDA multiple of 12.2
SAN FRANCISCO - Ashford Hospitality Trust purchased the 38-room Pan Pacific San Francisco Hotel from W2001 Pac Realty LLC, a joint venture between Whitehall Street Global Real Estate Limited Partnership 2001 and affiliates of Oxford Lodging Advisory & Investment Group LLC, for $95 million in cash. On a forw...
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