CBRE HOTELS SELLS THE ASHTON HOTEL IN DOWNTOWN FORT WORTH

FORT WORTH, TEXAS — CBRE Hotels has brokered the sale of The Ashton Hotel in downtown Fort Worth. Ashton Hotel Partners sold the property to a Dallas-based hotel REIT, which plans to renovate and operate the property. The Ashton Hotel first opened in 1890 and expanded from two stories to six in 1915. The hotel was renovated in 2001 and again in 2008. It features 39 guestrooms and is home to the Six 10 Grille restaurant. The property also includes event space for weddings, social gatherings and corporate functions. Bert Stevens, with CBRE Hotels in Dallas, represented the seller in the transaction.