other material
confidence high
sentiment negative
materiality 0.75
ASHFORD HOSPITALITY TRUST INC (AHT): debt financing — Ashford Trust completes deed-in-lieu transfer of KEYS Pool F hotels to lender
ASHFORD HOSPITALITY TRUST INC
- Transferred 5 hotels securing $215.1M KEYS Pool F loan on Nov 30, 2023.
- Hotels include Embassy Suites Flagstaff, Embassy Suites Walnut Creek, Marriott Bridgewater, Marriott Research Triangle Park, W Atlanta Downtown.
- Company expects consensual transfer of KEYS A and B loan pools by year-end or early 2024.
- Clarifies lawsuit is for receiver appointment, not breach of contract by Bank of America, Morgan Stanley, or Barclays.