Ashford Hospitality Trust sells Embassy Suites Palm Beach Gardens for $40.5M net

ASHFORD HOSPITALITY TRUST INC

Sale of 160-room hotel closed April 7, 2026 to PBG Embassy Partners, LLC for $41M gross, ~$40.5M net after expenses.
Company used ~$40.0M to repay a mortgage partially secured by the hotel and 10 other properties.
Transaction generated a preliminary non-recurring gain of $21.8M, removed $18.7M in hotel assets and debt from balance sheet.
Net cash proceeds after debt repayment were approximately $0.2M.

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