- Ashford (NYSE:AINC) announces the acquisition of the project management business of privately-held Remington Holdings, L.P. for $203M.
- Remington's unit manages and implements all capital-improvement related activity at both Ashford Hospitality Trust (AHT) and Ashford Hospitality Prime (AHP).
- The transaction is expected to close during the third quarter of 2018, and is subject to regulatory approval.
- Source: Press Release