Ashford Hospitality Trust, a real estate investment trust based in Dallas, has announced an increase in its secured revolving credit facility to $150 million.The interest rate on the facility was reduced to a range of 160 to 185 basis points over the London interbank offered rate, Ashford said. The facility, which matures in August 2008, has two one-year extension options and can be increased to $200 million under certain conditions. Calyon New York Branch was the sole lead arranger. The REIT can be found online at http://www.ahtreit.com.
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