ASHFORD HOSPITALITY TRUST INC (AHT): M&A transaction — Ashford Hospitality Trust sells Courtyard Boston Downtown for $123M

ASHFORD HOSPITALITY TRUST INC

Sold 315-room Courtyard Boston Downtown for $123.0M ($390,500 per key) on Jan 10, 2025.
Sale proceeds to deleverage the BAML Highland Pool loan and reduce future capex.
CEO cites improved transaction market sentiment and December revenue growth under GRO AHT initiative.
Pro forma financial information to be filed within four business days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ASHFORD HOSPITALITY TRUST INC completed a disposition involving 275 Tremont Owner, LLC for $123.0 million in cash (closed 2025-01-10).

Action: disposition
Counterparty: 275 Tremont Owner, LLC
Consideration: $123.0 million in cash
Closing: 2025-01-10

Exact text from the filing

On January 10, 2025, HH FP Portfolio LLC, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the 315-room Courtyard Boston Downtown located in Boston, Massachusetts pursuant to an Agreement of Purchase and Sale, entered into effective as of November 27, 2024, by and among HH FP Portfolio LLC, as seller, and 275 Tremont Owner, LLC, as purchaser, for $123.0 million in cash, subject to customary pro-rations and adjustments.

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28 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-25-000007

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