ASHFORD HOSPITALITY TRUST RECEIVES NEW $105M CREDIT FACILITY

DALLAS — Dallas-based Ashford Hospitality Trust has entered into a new $105 million senior credit facility, which replaces the previous credit facility that was scheduled to mature in April 2012. The facility features an option to expand the borrowing capacity up to $45 million. KeyBank acted as the lead arranger and administrative agent. Other lenders include Morgan Stanley Bank, Credit Suisse and UBS Loan Finance.