Ashford Hospitality Trust is looking to bolster its balance sheet as it eyes the hotel market for more transactions. Ashford recently acquired a pair of hotels in Texas and California for a total of $58 million using cash earned from an equity raise. The company reported a 12.4 percent increase in revenue per available room in the third quarter and revealed plans to spin off Ashford Inc., its asset-management unit. Read the HotelNewsNow.com story here

