Acquisition Highlights: - $1.735 billion total transaction value, expected to close during the first quarter of 2015 - Acquired by Ashford at a trailing 12-month cap rate of 6.9% and trailing EBITDA multiple of 12.5x
- Purchase price equates to a forward 12-month cap rate of 7.4% and forward 12-month EBITDA multiple of 11.6x DALLAS , Dec.
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