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Today Thursday, August 13, 2026
Ashford Trust Sells Hyatt Regency Long Island for $26.5M
financeHotel Dive··1 min·For: Owner, Investor, GM

Ashford Trust Sells Hyatt Regency Long Island for $26.5M

Ashford Hospitality Trust has closed on the $26.5 million cash sale of the 358-room Hyatt Regency Long Island. The transaction is part of the REIT's ongoing strategy to divest assets and improve overall leverage and liquidity through 2026.

Key Takeaways

  1. 1Ashford Trust sold the 358-room Hyatt Regency Long Island for $26.5 million in cash.
  2. 2The sale aligns with Ashford's strategic plan to offload properties to enhance liquidity and cash flow.
  3. 3The REIT previously netted $238.5 million from five hotel sales in the first quarter of 2024.

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Source: Hotel Dive

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