ASHFORD HOSPITALITY TRUST INC (AHT): M&A transaction — Ashford Hospitality Trust sells Lakeway Resort & Spa for $37.75M cash

ASHFORD HOSPITALITY TRUST INC

Sold 168-room Lakeway Resort and Spa in Austin, TX to Trestle Studio LLC for $37.75M gross, net of ~$0.5M expenses.
Proceeds used to repay $36.3M on mortgage loan secured by 16 hotels including Lakeway; loan balance reduced by $3.3M.
Pro forma shows removal of Lakeway assets ($22.7M) and liabilities ($34.6M); preliminary non-recurring gain of $15.3M for FY2025.
Sale completed May 19, 2026; net cash impact of $37.2M after expenses and working capital adjustments.
Transaction removes Lakeway's annual revenue of ~$13.6M and hotel expenses of ~$10.6M from ongoing operations.

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 Trestle Studio LLC for $37.75 million in cash (closed 2026-05-19).

Action: disposition
Counterparty: Trestle Studio LLC
Consideration: $37.75 million in cash
Closing: 2026-05-19

Exact text from the filing

On May 19, 2026, Ashford Lakeway LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Lakeway Resort and Spa located in Austin, Texas pursuant to an Agreement of Purchase and Sale, dated as of February 10, 2026, as reinstated and amended by that certain Reinstatement and First Amendment to Agreement of Purchase and Sale, dated as of March 18, 2026, by and between Ashford Lakeway LP, as seller, and Trestle Studio LLC, as purchaser, for $37.75 million in cash, subject to customary pro-rations and adjustments.

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Source: SEC EDGAR

accession 0001232582-26-000127

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