Press Release: Lakeway Resort : Ashford Trust Completes Acquisition Of Lakeway Resort

DALLAS, Feb. 9, 2015 /PRNewswire/ -- Acquisition Highlights: Purchase price represents an estimated forward 12-month cap rate of 8.7% and estimated forward 12-month EBITDA multiple of 9.5x Minimal CapEx needs after capital improvements totaling $6 million over past 24 months including...