ASHFORD HOSPITALITY TRUST INC (AHT): M&A transaction — Ashford Hospitality completes sale of Sheraton Indianapolis for $32.1M gross, $16.5M net cash

ASHFORD HOSPITALITY TRUST INC

Sold 378-room Sheraton Indianapolis City Centre Hotel to Keystone Realty Group for gross price of $32.1M.
Net cash proceeds of ~$16.5M after buyer credits and selling expenses; $14.6M paid to mortgage lender.
Pro forma adjustment removes hotel's assets ($19.4M) and liabilities ($19.9M) from balance sheet.
Hotel had net loss of $5.15M in FY2025 and $10.5M in Q1 2026 (including $8.6M impairment).
Pro forma shows reduction in total assets by $22M and reduction in debt by $14.5M.

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 Keystone Realty Group LLC for gross purchase price of approximately $32.1 million (closed 2026-05-21).

Action: disposition
Counterparty: Keystone Realty Group LLC
Consideration: gross purchase price of approximately $32.1 million
Closing: 2026-05-21

Exact text from the filing

On May 21, 2026, New Indianapolis Downtown Hotel Limited Partnership, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Sheraton Indianapolis City Centre Hotel located in Indianapolis, Indiana pursuant to an Agreement of Purchase and Sale, as of December 5, 2025, as amended, by and between New Indianapolis Downtown Hotel Limited Partnership, and Ashford TRS Lessee II LLC as seller, and Keystone Realty Group LLC, as purchaser, for a gross purchase price of approximately $32.1 million in cash, subject to purchaser credits of approximately $15.2 million, customary pro-rations and adjustments.

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ASHFORD HOSPITALITY TRUST INC filing history →

Source: SEC EDGAR

accession 0001232582-26-000133

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