Ashford Hospitality sells Hilton Garden Inn Austin Downtown for $26.85M

ASHFORD HOSPITALITY TRUST INC

Sale closed June 18, 2026 for $26.85M cash, subject to pro-rations; net proceeds ~$26.4M after selling expenses.
Company paid ~$25.7M to mortgage lender; loan was secured by 17 hotels including this one.
Property is a 254-room Hilton Garden Inn located in Austin, Texas.
Pro forma balance sheet as of March 31, 2026 reflects removal of $23.8M in hotel assets and $25.7M in debt.
Pro forma net loss attributable to common stockholders improves by ~$5M for FY 2025 and ~$22.3M for Q1 2026.

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