Alaska Digest

Posted: Tuesday, September 19, 2006

Salmon Creek trail closed for repairs

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Juneau - The Salmon Creek Trail will remain closed until mid-October, Alaska Electric Light and Powers officials said.

The trail was closed last November after heavy rains washed out a large section of the trail. Repairs will begin this weekend, with work expected to take at least a month, according to AEL&P.

The public is requested to observe the "no trespassing" sign and avoid using the Salmon Creek Trail until further notice.

Fort Wainwright soldier killed in Iraq

FORT WAINWRIGHT - A Fort Wainwright soldier has been killed in Iraq, an Army official said Monday.

The soldier, assigned to the 172nd Stryker Brigade Combat Team, was killed Sunday by a roadside bomb while conducting a mounted patrol in Baghdad, U.S. Army Alaska spokesman Maj. Kirk Gohlke said.

Two other 172nd soldiers were injured in the incident.

One was listed as seriously injured, and the other was listed as not seriously injured. Both were evacuated to medical facilities in Iraq.

The names of the soldiers have not been released, but Gohlke said families have been notified.

Ashford Hospitality buys Anchorage hotel

DALLAS - Real estate investment trust Ashford Hospitality Trust Inc. said Monday it will pay $267 million - nearly equal to its 2005 revenue - to buy seven luxury hotels, including one in Anchorage, Alaska.

Ashford said it has agreed to buy the hotels from a partnership of affiliates of Oak Hill Capital Partners, Blackstone Group and Interstate Hotels & Resorts Inc.

Dallas-based Ashford said it would spend $40 million over the next year to upgrade the hotels and boost revenue.

Ashford said it would pay for the purchases with proceeds from its July follow-on offering and local financing.

The company often buys distressed hotels and renovates them to increase revenue. It also provides tax and budget services to property managers.

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