Ashford Hospitality Trust Completes Strategic Sales of Two Hotels for $33 Million
Dallas, August 25, 2025 - Ashford Hospitality Trust, Inc. $(AHT)$ has announced the successful completion of strategic portfolio sales, including the Hilton Houston NASA Clear Lake in Houston, Texas, sold for $27 million, and the Residence Inn Evansville East in Evansville, Indiana, sold for $6 million. The sales are part of the company's ongoing strategy to enhance shareholder value by focusing on core assets and deleveraging their platform. The transactions reflect a capitalization rate of 1.3% on net operating income, adjusted for anticipated capital expenditures, or a 2.0% capitalization rate excluding these expenditures. This move aligns with Ashford's aim to improve loan coverage metrics and increase portfolio cash flow after debt service. Further opportunistic sales are anticipated in the coming months.
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