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

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 PBG Embassy Partners, LLC for $41 million in cash (closed 2026-04-07).

Action: disposition
Counterparty: PBG Embassy Partners, LLC
Consideration: $41 million in cash
Closing: 2026-04-07

Exact text from the filing

On April 7, 2026, Palm Beach Florida Hotel and Office Building Limited Partnership, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard located in Palm Beach Gardens, Florida pursuant to an Agreement of Purchase and Sale, dated as of February 25, 2026, by and between Palm Beach Florida Hotel and Office Building Limited Partnership, as seller, and PBG Embassy Partners, LLC, as purchaser, for $41 million in cash, subject to customary pro-rations and adjustments.

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Source: SEC EDGAR

accession 0001232582-26-000098

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