---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-123965"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:52:46.497869+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ashford Hospitality Trust contributes four hotels to Stirling REIT for 1.4M units valued at ~$35M

## Summary
- Contributed equity interests in four hotel assets for 1,400,943 Class I units of Stirling Operating Partnership.
- Net contribution value ~$35M (appraised $56.2M less assumed $30.2M debt plus ~$9M net working capital).
- Lock-up: no unit transfer for 1 year; no redemption for 3 years; distributions reinvested through Dec 31, 2024.
- Stirling prohibited from selling Initial Portfolio properties for 3 years, subject to exceptions.
- Existing loan from Bank of America, N.A. assumed by Stirling as part of the transaction.

## SEC filing metadata
- accession: 0001104659-23-123965
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000110465923123965/0001104659-23-123965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000110465923123965/tm2332296d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-123965
- JSON: https://secwatch.observer/filing/0001104659-23-123965.json
- Plain text: https://secwatch.observer/filing/0001104659-23-123965.txt

## Key facts
- Material Agreements
  ASHFORD HOSPITALITY TRUST INC entered into Contribution Agreement with Stirling REIT OP, LP valued at approximately $35 million (effective 2023-12-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Stirling REIT OP, LP
  - Value: approximately $35 million
  - Effective: 2023-12-06
  source text: On December 6, 2023 (the “ Closing ”), Ashford Hospitality Trust, Inc.’s subsidiaries, Ashford Hospitality Limited Partnership and Ashford TRS Corporation (together, the “ Company ”), entered into a Contribution Agreement (the “ Contribution Agreement ”) with Stirling REIT OP, LP (the “ Stirling Operating Partnership ”), a subsidiary of Stirling Hotels & Resorts, Inc. (“ Stirling ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1232582/000110465923123965/0001104659-23-123965-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.