secwatch.observer — SEC 8-K summary
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Issuer:     ASHFORD HOSPITALITY TRUST INC (AHT)
CIK:        0001232582
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001232582-24-000081
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ashford Hospitality Trust closes $87M sale of One Ocean Resort; net debt cut 400 bps
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- Sold 193-room One Ocean Resort in Atlantic Beach, FL, for $87M in cash, subject to prorations.
- Sale proceeds used for debt reduction and general corporate purposes.
- Net debt to gross assets now ~66%, a 400 bps reduction from beginning of 2024.
- Strategic financing balance stands at ~$98M; raised ~$139M from non-traded preferred stock.
- Additional assets remain in the market at various stages of the sales process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1232582/000123258224000081/0001232582-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1232582/000123258224000081/aht-20240627.htm
  HTML page:      https://secwatch.observer/filing/0001232582-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer