Business
ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Company") today announced the completion of the sale of the Hilton Houston NASA Clear Lake in Houston, Texas for $27 million and the sale of the Residence Inn Evansville East in Evansville, Indiana for $6 million.
About this update from Ashford Hospitality Trust Inc
[{"type":"text","content":"DALLAS, Aug. 25, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Company") today announced the completion of the sale of the Hilton Houston NASA Clear Lake in Houston, Texas for $27 million and the sale of the Residence Inn Evansville East in Evansville, Indiana for $6 million.","length":307,"tagName":"p"},{"type":"text","content":"When adjusted for the Company's anticipated capital expenditures, the combined sale price represents a 1.3% capitalization rate on net operating income or a multiple of 45.3 times Hotel EBITDA for the twelve months ended July 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 2.0% capitalization rate on net operating income or a multiple of 28.1 times Hotel EBITDA for the twelve months ended July 31, 2025.","length":450,"tagName":"p"},{"type":"text","content":""These transactions reflect our continued focus on creating shareholder value via multiple avenues," commented President and Chief Executive Officer Stephen Zsigray. "In addition to our GRO AHT effort aimed at driving increased performance, selling these two non-core assets has deleveraged the platform, improved the coverage metrics of our recently extended MS 17 loan pool, and increased portfolio cash flow after debt service. We anticipate pursuing similar opportunistic sales in the coming months."","length":524,"tagName":"p"},{"type":"text","content":"Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.","length":140,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally...