Ashford Hospitality closes $43.5M sale of Embassy Suites Las Vegas, repays $41.2M mortgage

ASHFORD HOSPITALITY TRUST INC

Ashford Las Vegas LP sold the 220-room Embassy Suites Las Vegas on Sept 25, 2026 for ~$43.5M gross cash (~$42.7M net of selling expenses) to 4315 Hospitality LLC.
Purchase and sale agreement dated Aug 27, 2026; ~$41.2M was paid to the mortgage lender whose loan is secured by seven hotels including Embassy Suites Las Vegas.
Pro forma FY2025 revenue falls $12.9M to $1.092B; net loss attributable to common stockholders narrows to $184.3M (-$30.85/sh) from $215.0M (-$35.99/sh).
Pro forma six months ended June 30, 2026: revenue $534.0M vs $541.0M; net income attributable to common stockholders $49.2M, basic EPS $7.64 vs $7.70.
Estimated non-recurring gain on the disposition was $31.4M for FY2025; pro forma amounts include removal of $23.9M gross hotel assets and are preliminary.

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