Lakeway Resort: AHT completes acquisition of Austin's Lakeway Resort

Ashford Hospitality Trust has completed the acquisition of the 168-room Lakeway Resort & Spa, in Austin, Texas, for $33.5 million, or $199,000 per key. The property will be managed by Remington Lodging. Originally developed in 1966, the resort underwent major expansions in 2001 and 2007 which significantly increased the size of the property.