secwatch.observer — SEC 8-K summary
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Issuer:     ASHFORD HOSPITALITY TRUST INC (AHT)
CIK:        0001232582
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001232582-24-000031
Event type: m_and_a
Sentiment:  positive
Materiality: 0.40
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ashford Trust sells Residence Inn SLC for $19.2M at 4.6% cap; pays down debt
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- Sold 144-room Residence Inn Salt Lake City for $19.2M cash; adjusted cap rate 4.6% on 2023 NOI.
- All proceeds used to repay mortgage debt; approximately $19M repaid including defeasance costs.
- Net cash proceeds of ~$18.8M after selling expenses; sale price represented 18.2x 2023 Hotel EBITDA.
- Company continues to market several other assets as part of deleveraging plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1232582/000123258224000031/0001232582-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1232582/000123258224000031/aht-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001232582-24-000031

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