Ashford closes sale of four hotels ($252.5M), signs deals to sell two more ($54.8M)

ASHFORD HOSPITALITY TRUST INC

Closed sales of Hilton St. Petersburg Bayfront, La Posada de Santa Fe, Hilton Alexandria Old Town, and Embassy Suites Palm Beach Gardens for $252.5M gross proceeds.
Entered definitive agreements to sell Lakeway Resort & Spa ($37.8M) and Embassy Suites Dallas Galleria ($17.0M); closings expected by May 2026.
Total proceeds from all six sales expected to generate over $60 million in future capital expenditure savings.
Proceeds primarily used to pay down mortgage debt; CEO cites improved cash flow, reduced capex, and lower leverage.

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