Ascent Hospitality based in Buford, GA announced today that it has acquired The Chattanoogan Hotel, a 198-room property. Ascent will completely modernize and renovate the hotel's upscale guest rooms, meeting rooms, public spaces, as well as the pool and lobby areas, and brand as a Curio Collection by Hilton property.
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has entered into a definitive agreement to acquire the 157-room La Posada de Santa Fe in Santa Fe, New Mexico for $50 million.
A renowned community landmark located in Ogdensburg, N.Y., this 46-room family-owned-and-operated hotel sits in a lush country setting just minutes from the beautiful 1000 Islands and a short drive from both Ottawa and Montreal, Canada.
The Purchaser, New Jersey-based National Realty Investment Advisors LLC, and Co Developer US Construction Inc. will soon close the hotel as they work on a redevelopment plan for the prized oceanfront site.