Ashford Hospitality Trust signs agreements to sell three hotels for ~$69.5M; expects $2M+ annual cash flow improvement

ASHFORD HOSPITALITY TRUST INC

Aggregate gross proceeds from sales of Le Pavillon New Orleans ($42.5M) and two Embassy Suites ($27.0M) total ~$69.5M.
Le Pavillon sale expected to close Dec 2025; Embassy Suites sales expected in Jan 2026, subject to normal conditions.
Company expects >$2M annual cash flow improvement and $14.5M in future capital expenditure savings following the sales.
Proceeds will be primarily used to retire mortgage debt, improving cash flow and deleveraging.

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