Located in the Palatinate Forest in southern Germany, the resort is known for its hospitality.
Featuring 290 rooms, Home2 Suites by Hilton Dublin City Centre is expected to open next year.
The acquisition, which is the first for THN, is expected to significantly expand its reach in the DACH market.
The site, which has been acquired from Premcor, has a planning permission for a 229-bedroom hotel spanning ten storeys.
The owner plans to carry out a comprehensive room refresh, including new furnishings, at the rebranded hotel.
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TIME Ruba Hotel & Suites features 770 rooms and suites, outfitted with modern amenities.
Boasting the brand’s signature design, the hotel offers 145 rooms with amenities such as complimentary Wi-Fi and 24/7 food services.
Ashford Hospitality Trust plans to use all proceeds from the sale to reduce its debt.
The partnership between the two companies can bring special deal collaborations and direct contracting for hoteliers.
The 306-room hotel is developed and owned by HRI Hospitality.