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Oaktree Capital completed a $200m investment in Ashford Hospitality Trust.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

real estate investment trust

Minority

Acquisition

Completed

Domestic

United States

Other Specialty REITs

Friendly

hotel real estate

Public

Synopsis

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Private equity firm Oaktree Capital completed a $200m investment in Ashford Hospitality Trust, a real estate investment trust focused on investing predominantly in upper upscale, full-service hotels. "We're excited to announce the closing of this strategic financing with Oaktree and believe this partnership will be beneficial for the Company going forward. With this important financing now closed and vaccine distribution ramping up, we look forward to getting our hotels back to profitability and focusing on growth," J. Robison Hays, Ashford Trust President and CEO.

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