ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH AGREEMENT TO SELL THE HILTON BOSTON BACK BAY
Ashford Hospitality Trust Inc (AHT)
Last ashford hospitality trust inc earnings: 2/25 04:15 pm
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US:NYSE Investor Relations:
ahtreit.com
Company Research
Source: PR Newswire
DALLAS, Feb. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay (the "Hotel") in Boston, Massachusetts for $171 million ($438,000 per key). The sale is expected to be completed in March, and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all.For the trailing twelve months ended December 31, 2023, the Hotel's net income was $2.3 million, its net operating income was $14.9 million, and its Hotel EBITDA was $16.7 million. When adjusted for the Company's anticipated capital expenditures, the sale price represents a 7.3% capitalization rate on 2023 net operating income, or 12.3x 2023 Hotel EBITDA. Excluding the anticipated capital spend, the sale price represents an 8.7% capitalization rate on 2023 net operating income, or 10.2x 2023 Hotel EBITDA. The
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- ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED [Yahoo! Finance]Yahoo! Finance
- ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTEDPR Newswire
- ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE [Yahoo! Finance]Yahoo! Finance
AHT
Earnings
- 5/8/24 - Miss
AHT
Sec Filings
- 5/15/24 - Form 3
- 5/15/24 - Form 4
- 5/15/24 - Form 8-K
- AHT's page on the SEC website