Ashford Hospitality Trust shares surge 12.81% intraday after announcing $69.5M sale of three hotel assets.

Ashford Hospitality Trust (AHT) surged 12.81% intraday following the announcement that it agreed to sell three U.S. hotels for $69.5 million. The transaction, disclosed in news reports from two days prior, aligns with the company’s strategy to streamline its portfolio and generate liquidity. The sale of these assets—specifically the Renaissance Nashville Hotel and two other properties—was highlighted as a key step in optimizing capital allocation. The immediate market reaction reflects investor optimism over the potential to reduce debt, enhance operational efficiency, or redeploy capital into higher-growth opportunities. Earlier earnings reports and refinancing activities, while relevant, lacked the immediacy or magnitude to drive such a sharp intraday rally. The asset sales directly correlate with the stock’s upward movement, underscoring market confidence in AHT’s strategic realignment.