financeHotel Dive··1 min·For: Owner, Investor, Revenue, GM
Ashford Hospitality Trust to Sell 6 Hotels for $155M
Ashford Hospitality Trust is moving to sell an additional six hotels for nearly $155 million as part of a strategic plan to reduce debt and improve cash flow.
Key Takeaways
- 1Monitor Ashford's ongoing disposition strategy as it aims to offload 6 more hotels for approximately $155 million.
- 2Note the REIT's primary objective to improve leverage and liquidity by paying down strategic financing, including its Oaktree loan.
- 3Track the company's progress following seven closed sales earlier this year, signaling a significant shift in its portfolio composition.
Source: Hotel Dive
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