Ashford Hospitality Trust Inc.

Located on Beverly Drive, between Olympic and Pico Boulevards, the property is now the only full-service Marriott Hotel located in

Hotel is in excellent physical condition having been recently built in 2009.

9-hotel portfolio consists of 8 select-service hotels and 1 full-service hotel with 1,251 total rooms.

The property will be managed by Ashford Trust's affiliated property manager, Remington Lodging.

Purchase price equates to an estimated forward 12-month cap rate of 8.6% and an estimated forward 12-month EBITDA multiple of

Purchase price of $50.0 million equates to an estimated forward 12-month NOI cap rate of 8.1% and expected forward.

Minimal CapEx needs after recent renovation of approximately $8.1 million completed in 2013.