Ashford Hospitality sells Hilton NASA Clear Lake for $27.5M; pro forma filed

ASHFORD HOSPITALITY TRUST INC

Sold 242-room Hilton Houston NASA Clear Lake for ~$27.5M net cash; closed Aug 22, 2025.
Repaid ~$26.4M of mortgage loan that the hotel partially secured (one of 17 properties).
Pro forma removes hotel assets/liabilities; adds ~$16.8M non-recurring gain (2024 P&L).
Remaining cash after debt repayment and net working capital adjustments ~$1.1M increase.
Pro forma net loss for 2024 improved from $(82.5M) to $(64.2M) attributable to common.

item 9.01

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