other_material
confidence high
sentiment negative
materiality 0.85
Ashford Hospitality Trust subsidiaries default on $325M CMBS loan; lender accelerates full payment
ASHFORD HOSPITALITY TRUST INC
- On Feb 11, 2026, trustee demanded immediate payment of $325M principal plus default interest and fees.
- Default triggered by failure to make Required Debt Yield Principal Payment and Extension DI by Feb 9, 2026.
- Loan secured by eight hotels, including Embassy Suites Portland, Hilton Costa Mesa, and La Concha Key West.
- No cross-default provisions triggered on other subsidiary loans; parent company has no direct debt.
- Loan originally $395M in 2018, extended six times; outstanding balance $325M.
item 2.04