ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON ASSET SALES AND DELEVERAGING PLAN
AHTAshford Hospitality Trust(AHT) Prnewswire·2024-04-29 20:00

DALLAS, April 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for 8.1million(8.1 million (95,300 per key). The sale price represented a 6.0% capitalization rate on trailing 12- month net operating income through March 2024. All of the net proceeds from the sale will be used for general corporate purposes including paying down the Company's strategic financing. Th ...