ASHFORD HOSPITALITY TRUST CLOSES PREVIOUSLY ANNOUNCED SALE OF ONE OCEAN RESORT
AHTAshford Hospitality Trust(AHT) Prnewswire·2024-06-28 04:15

DALLAS, June 27, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 193-room One Ocean Resort located in Atlantic Beach, Florida. All proceeds from the sale will be used for debt reduction and general corporate purposes. With the closing of the sale, the Company's net debt to gross assets now stands at approximately 66%, a 400 basis point reduction from the beginning of the year. The balance on the Company ...