Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has entered into a new franchise agreement with Marriott International to convert its Le Pavillon Hotel in New Orleans, Louisiana to a Tribute Portfolio property.
Landmark New Orleans Le Pavillon Treats Guests to Convenience of Keyless Mobile Access
Ashford Hospitality Trust, Inc. (NYSE: AHT) announced last week that it has completed the acquisition of the 226-room Le Pavillon Hotel for total consideration of $62.5 million in cash ($277,000 per key).
For his dedication to Hospitality Financial and Technology Professionals (HFTP®) and his tireless work educating its members, Steve Doherty, CHAE, CHTP will be awarded posthumously the 2010 Paragon Award. The prestigious Paragon Award recognizes individuals who have made a significant and lasting contribution to both HFTP and the hospitality industry. Doherty will be honored at HFTP's 2010 Annual Convention & Tradeshow held October 11-14 at the Hilton San Diego Bayfront in San Diego, Calif.