>Ashford Hospitality Trust extends $157M loan

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>Ashford Hospitality Trust Inc. says it has won a two-year extension of the maturity on a $157 million loan.

The hotel real estate investment trust said late Monday the loan will now be due in August 2013 instead of August 2011.

The loan is from Aareal Bank AG and is secured by the Hilton LaJolla Torrey Pines and the Capital Hilton held in a joint venture with Hilton Worldwide, Ashford said.

The two-year extension in the maturity date for the loan is in exchange for a reduction in the loan balance of $2.5 million at closing and another $2.5 million over the next twelve months.

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