Business
ASHFORD HOSPITALITY TRUST SEES STRONG BUYER DEMAND IN MULTIPLE HOTEL TRANSACTIONS AND CLOSINGS
Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today provided updates on several strategic transactions, highlighting robust buyer demand and significant market activity across its portfolio of upper-upscale hotels. The Company has entered into definitive agreements to sell two properties and has successfully closed on the sales of two previously disclosed transactions.
About this update from Ashford Hospitality Trust Inc
[{"type":"text","content":"DALLAS, Feb. 24, 2026 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today provided updates on several strategic transactions, highlighting robust buyer demand and significant market activity across its portfolio of upper-upscale hotels. The Company has entered into definitive agreements to sell two properties and has successfully closed on the sales of two previously disclosed transactions.","length":433,"tagName":"p"},{"type":"text","content":"The Company has received strong interest from buyers on multiple assets, demonstrating the underlying value in its portfolio. These activities support the Company's ongoing strategy to deleverage, increase liquidity, and improve cash flow.","length":243,"tagName":"p"},{"type":"text","content":""We continue to see depth in buyer interest across our portfolio result in strong asset valuations," said Stephen Zsigray, President and Chief Executive Officer. "Strategic sales continue to be a core component of our plan to reduce leverage and improve cash flow via interest expense and capital expenditure relief. Proceeds from these transactions are primarily used to retire debt, positioning the Company for long-term value creation."","length":459,"tagName":"p"},{"type":"text","content":"La Posada de Santa Fe Resort & Spa","length":38,"tagName":"p"},{"type":"text","content":"The agreement for the 157-room La Posada de Santa Fe Resort & Spa is for $57.5 million or $364,000 per key. The sale is expected to be completed in March 2026 and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all.","length":300,"tagName":"p"},{"type":"text","content":"When adjusted for the Company's anticipated capital expenditures of $18 million, the sale price represents a 5.9% capitalization rate on net operating income or a multiple of 15.1 times Hotel EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 7.8% capitalization rate on net operating income or a multiple of 11.5 times Hotel EBITDA for the twelve months ended December 31, 2025.","length":464,"tagName":"p"},{"type":"text","content":"Hilton St. Petersburg Bayfront","length":30,"tagName":"p"},{"type":"text","content":"The agreement...