Ashford Hospitality Trust extends Highland loan to Jan 2026; balance $733.6M (68% LTV)

ASHFORD HOSPITALITY TRUST INC

Original maturity April 9, 2025 extended to January 9, 2026, with six-month option to July 9, 2026.
Loan paid down to $733.6M; appraised value of collateral ~$1.1B (68% LTV).
Interest rate now SOFR + 4.13%.
Loan secured by 18 hotels; Highland pool called most valuable in portfolio.
CEO cites potential benefit from anticipated rate cuts before longer-term refinancing.

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