Kessler: No near-term hotel buys for Ashford

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27 December 2011
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • “Growth for growth’s sake is not a strategy,” Ashford Hospitality Trust’s president Doug Kessler said.
  • As of 30 September, the company owned 91 hotels directly and five through majority-owned joint ventures.
  • Hotel sales in 2012 remain a “possibility” for Ashford, Kessler said.

A lack of attractive yields, increased competition for assets and a decline in its stock price means Ashford Hospitality Trust has shifted out of hotel-buying mode, president Doug Kessler said.
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