other_material
confidence high
sentiment positive
materiality 0.65
Ashford Hospitality Trust sells Residence Inn San Diego Sorrento Mesa for $42M
ASHFORD HOSPITALITY TRUST INC
- Sale price of $42M ($280K per key) for 150-room hotel; expected close in Oct 2025.
- Adjusted for $16M capital spend, cap rate 5.7% on NOI; 15.3x Hotel EBITDA (trailing 12M).
- CEO cites opportunistic deleveraging and increased financial flexibility for shareholders.
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