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U.S. markets recover from steep losses
DALLAS, May 19 (UPI) -- Ashford Hospitality Trust Inc. is paying $107 million for the 697-room Marriott Crystal Gateway in Arlington, Va.
The hotel has 697 rooms, 33,355 square feet of meeting space and two food and beverage facilities. The hotel is near Reagan National Airport and has a direct link to the local commuter rail system.
AHT, of Dallas, expects to invest $13 million during the first year of ownership on capital improvements.
AHT is buying the property from a partnership headed by Robert H. Smith and Arthur A. Birney. Marriott Crystal Gateway is managed by Marriott International under a long-term management agreement.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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