Ashford Hospitality Expands in Bay Area With Acquisition of Marriott Silicon Valley in Fremont

By Jon Peterson Dallas-based Ashford Hospitality Trust has expanded its hotel acquisitions in the San Francisco Bay Area with its purchase of the 357-room Fremont Marriott Silicon Valley hotel in Fremont. The purchase price was $50 million or $140,000 per room, which represents around 45 percent below replacement cost. “We believe that the real estate […]