other material
confidence high
sentiment neutral
materiality 0.50
Ashford Hospitality Trust sells Hyatt Regency Long Island for $26.5M cash
ASHFORD HOSPITALITY TRUST INC
- Sold 358-room Hyatt Regency Long Island for $26.5M cash; net proceeds $26.2M after selling expenses.
- Used $25.7M of proceeds to repay mortgage loan partially secured by the hotel and 14 other properties.
- Pro forma net loss attributable to common stockholders improves by $636k for FY2025 and $46k for Q1 2026.
- Sale completed July 31, 2026; buyer was ABGHLI2613 LLC and TIC Owner Hyatt LLC.