Ashford Hospitality Trust sells 333-room Hilton St. Petersburg Bayfront for $96M cash, repays $94.7M mortgage debt

ASHFORD HOSPITALITY TRUST INC

Gross sale price $96 million cash; net proceeds approximately $95.3 million after selling expenses.
Approximately $94.7 million of proceeds used to repay mortgage loan secured by 12 hotels, including Hilton St. Petersburg.
Pro forma net loss attributable to common stockholders improves from $82.5M to $5.3M for FY2024 after including one-time gain.
Pro forma net loss for nine months ended Sep 30, 2025 widens from $136.7M to $137.6M after removing hotel's operations.
Sale generated a preliminary non-recurring gain of approximately $79.6 million in the pro forma for FY2024.

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