M&A
confidence high
sentiment neutral
materiality 0.40
Ashford Trust closes $25.2M sale of 263-room Embassy Suites Philadelphia Airport, repays $24.6M mortgage
ASHFORD HOSPITALITY TRUST INC
- Sold the 263-room Embassy Suites Philadelphia Airport on Oct 6, 2026 for ~$25.2M cash net of selling expenses (~$26.0M gross) to SSN 9000 Bartram Road LLC.
- Paid ~$24.6M to the mortgage lender; that loan is secured by 12 hotels, including the sold property.
- Pro forma FY2025 net loss attributable to common stockholders $214.1M (-$35.83/sh) vs $215.0M (-$35.99/sh) historical; est. gain on sale of $1.26M included.
- Pro forma H1 2026 net income to common $49.2M ($0.70 diluted) vs $49.6M ($0.70) as reported; total revenue cut to $533.6M from $541.0M.
- Sold hotel contributed $14.0M of 2025 revenue and $7.3M in H1 2026; pro forma gain is preliminary and may differ from actual results.