Ashford Hospitality Trust shares surge 14.06% after-hours following sale of three hotels for $69.5 million.

Ashford Hospitality Trust (AHT) surged 14.06% in after-hours trading following the announcement of agreements to sell three U.S. hotels for $69.5 million, part of a strategic portfolio optimization initiative. The transactions, reported by PR Newswire and Hotel Dive, align with the company’s focus on enhancing liquidity and streamlining operations. Recent sales of properties like the Renaissance Nashville Hotel and San Diego’s Residence Inn further underscore the firm’s active asset management strategy. The after-hours rally reflects investor optimism over the immediate capital gains and potential reinvestment opportunities, as the sales are expected to bolster AHT’s balance sheet and flexibility in a challenging real estate market.