Ashford Hospitality Trust Inc. has announced the successful refinancing of the mortgage loan secured by the Renaissance Nashville Hotel. The new non-recourse loan amounts to $218.1 million with an interest-only structure and a floating interest rate of SOFR + 2.26%. This new loan replaces the previous $267.2 million loan, which had a floating interest rate of SOFR + 3.98%. Additionally, the preferred equity investment in the property has been increased by $53.0 million, while the all-in rate of return on the preferred equity has been reduced from 14% to 11.14%. This refinancing is expected to result in significant annual interest expense savings for the company.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ashford Hospitality Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001232582-25-000144), on September 15, 2025, and is solely responsible for the information contained therein.