m_and_a
confidence high
sentiment neutral
materiality 0.55
Ashford Hospitality Trust sells Hilton Alexandria Old Town for $57.3M net
ASHFORD HOSPITALITY TRUST INC
- Sale completed March 31, 2026; buyer: Lodging Capital Partners LLC.
- Gross price $58M; net cash proceeds ~$57.3M after selling expenses.
- $32.5M used to repay mortgage secured by the 252-room hotel.
- Pro forma financials remove the hotel's assets and operations from balance sheet and P&L.
- Estimated non-recurring loss on disposition of ~$3.0M recognized.
item 2.01item 9.01