FREMONT, CA—Working on behalf of AIG, Cushman & Wakefield Global Hospitality has arranged the sale of the Fremont Marriott Silicon Valley Hotel, a recently renovated full-service property located in the Silicon Valley.
The hotel, which features 357 rooms and 15,000 square feet of meeting space across 19 flexible meeting rooms, was acquired by Ashford Hospitality Trust (“AHT”), a Dallas-based publicly traded real estate investment trust. The property will be managed by Remington Lodging.
C&W also served as exclusive advisor to AHT in arranging a $37.5 million financing for the acquisition of the hotel. The floating-rate loan was provided by a money center bank.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
