other_material
confidence high
sentiment neutral
materiality 0.50
Ashford Hospitality Trust sells 150-room Residence Inn San Diego for $42M cash
ASHFORD HOSPITALITY TRUST INC
- Sale completed Oct 15, 2025: 150-room Residence Inn San Diego Sorrento Mesa sold for $42M cash.
- Net cash proceeds ~$41.4M; $41.3M paid to mortgage lender (90% loan repayment, 10% to reserves).
- Mortgage loan secured by 15 hotels; proceeds used to partially repay debt.
- Pro forma for FY 2024: net loss per share improves from $(17.54) to $(13.86) after removing hotel operations.
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