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DALLAS - Ashford Hospitality Trust, Inc. (NYSE:AHT), a hospitality REIT with $1.13 billion in trailing twelve-month revenue and current market capitalization of $36.84 million, has completed the sale of two hotel properties for a combined $33 million, the company announced Monday.
The real estate investment trust sold the Hilton Houston NASA Clear Lake in Houston, Texas for $27 million and the Residence Inn Evansville East in Evansville, Indiana for $6 million.
According to the company, when adjusted for anticipated capital expenditures, the combined sale price represents a 1.3% capitalization rate on net operating income or a 45.3 times multiple on Hotel EBITDA for the twelve months ended July 31, 2025.
"These transactions reflect our continued focus on creating shareholder value via multiple avenues," said Stephen Zsigray, President and Chief Executive Officer of Ashford Hospitality Trust.
The company indicated that selling these "non-core assets" has deleveraged its platform, improved coverage metrics of its recently extended MS 17 loan pool, and increased portfolio cash flow after debt service.
Ashford Hospitality Trust plans to pursue similar opportunistic sales in the coming months, according to the press release statement.
The company specializes in investing predominantly in upper upscale, full-service hotels and operates as a real estate investment trust (REIT).
In other recent news, Ashford Hospitality Trust reported a net loss of $39.9 million for the second quarter of 2025, translating to a loss of $6.88 per diluted share. The company’s adjusted funds from operations per diluted share were recorded at $0.78. Despite the net loss, Ashford Hospitality Trust has launched strategic initiatives aimed at enhancing future growth, including a plan targeting $50 million in EBITDA improvements. These developments are part of the company’s ongoing efforts to strengthen its financial standing. There were no recent analyst upgrades or downgrades mentioned for Ashford Hospitality Trust. The company’s stock price movement is not discussed here, focusing solely on the financial results and strategic plans.
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