Preload Spinner

Austin resort spared as Dallas REIT preps to give 19 US hotels back to lenders

BACK

Austin resort spared as Dallas REIT preps to give 19 US hotels back to lenders

Ashford Hospitality Trust plans to surrender more than a dozen properties on which it owes hundreds of millions of dollars. But it aims to hold onto Lakeway Resort & Spa in the Austin area, at least for now. Click through for more on what’s happening and the financial considerations.