ASHFORD HOSPITALITY TRUST INC (AHT): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ASHFORD HOSPITALITY TRUST INC completed a disposition involving Kolter Group Acquisitions LLC for $96 million in cash (closed 2026-03-05).

Action: disposition
Counterparty: Kolter Group Acquisitions LLC
Consideration: $96 million in cash
Closing: 2026-03-05

Exact text from the filing

On March 5, 2026, St. Petersburg Florida Hotel Limited Partnership, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Hilton St. Petersburg Bayfront located in St. Petersburg, Florida pursuant to an Agreement of Purchase and Sale, dated as of December 12, 2025, by and between St. Petersburg Florida Hotel Limited Partnership and Ashford TRS Lessee II LLC, as seller, and Kolter Group Acquisitions LLC, as purchaser, for $96 million in cash, subject to customary pro-rations and adjustments.

View on SEC.gov

30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-26-000041

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.