ASHFORD HOSPITALITY TRUST INC (AHT): M&A transaction — Ashford Hospitality sells Silversmith Hotel Chicago for $16M; repays $15M mortgage

ASHFORD HOSPITALITY TRUST INC

Sale of 144-room Silversmith Hotel Chicago Downtown for total consideration of ~$15.9M net of selling expenses.
Approximately $15.0M paid to mortgage lender whose loan is secured by 18 hotels including this property.
Pro forma balance sheet reduces hotel properties by $16.2M gross and indebtedness by $15.0M net.
Pro forma net loss attributable to common stockholders improves by ~$120K for FY2025 and ~$77K for Q1 2026.
Disposition completed on June 1, 2026; no other non-recurring items associated with the transaction.

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 SHH Chicago LLC for $16 million in cash (closed 2026-06-01).

Action: disposition
Counterparty: SHH Chicago LLC
Consideration: $16 million in cash
Closing: 2026-06-01

Exact text from the filing

On June 1, 2026, HH Chicago LLC, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Silversmith Hotel Chicago Downtown located in Chicago, Illinois pursuant to an Agreement of Purchase and Sale, dated as of April 8, 2026, by and between HH Chicago LLC, as seller, and SHH Chicago LLC, as purchaser, for $16 million in cash, subject to customary pro-rations and adjustments.

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Source: SEC EDGAR

accession 0001232582-26-000138

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