ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF 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
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Source: PR Newswire
DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key). All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing."We are pleased to announce the closing of the sale of the Hilton Boston Back Bay for a very attractive value and the significant progress we've made in paying down our strategic financing," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "With this recent paydown, the remaining balance on our strategic financing is now approximately $112 million, and going forward, we plan to make regular paydowns with proceeds from the sale of our non-traded preferred stock and other asset sales. We continue to have several assets in the market at various stages of th
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AHT
Earnings
- 2/28/24 - Beat
AHT
Sec Filings
- 4/29/24 - Form 8-K
- 4/18/24 - Form 8-K
- 4/10/24 - Form 8-K
- AHT's page on the SEC website