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Stock impact report

Ashford Hospitality Trust offloads San Diego Marriott hotel for $42M [Yahoo! Finance]

Ashford Hospitality Trust Inc (AHT) 
Last ashford hospitality trust inc earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ahtreit.com
Company Research Source: Yahoo! Finance
Dive Brief: Ashford Hospitality Trust has signed a definitive agreement to sell the 150-room Residence Inn San Diego Sorrento Mesa for $42 million, the Dallas-based real estate investment trust announced Thursday. The sale — which amounts to $280,000 per key — is expected to be completed in October. The sale reflects Ashford's ongoing strategy to “opportunistically deleverage” its portfolio, CEO Stephen Zsigray said in a statement, noting that the transaction will offer the REIT “increased financial flexibility moving forward.” Dive Insight: The Residence Inn's $42 million sale price represents a 5.7% capitalization rate on its net operating income for the 12 months ending July 31, 2025, when adjusted for Ashford's $16 million capex, the REIT shared. Further terms of the deal were not disclosed. Ashford Hospitality Trust, which invests primarily in upper upscale, full-service hotels, sold another Residence Inn property in August. The REIT offloaded the Residence Inn Evans Show less Read more
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