Ashford Taps Offering Proceeds For $153M Luxury Hotel Buy
By Zachary Zagger ( January 22, 2014, 5:06 PM EST) -- Ashford Hospitality Prime Inc. said it is scooping up the debt-burdened Sofitel Chicago Water Tower luxury hotel for $153 million in cash from affiliates of the Blackstone Group LP with proceeds from a public offering of 8 million shares of stock....
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