Ashford Hospitality Trust Extends Highland Loan Maturity to January 2026

Ashford Hospitality Trust has extended the maturity date of its Highland mortgage loan to January 9, 2026, with an option to extend to July 9, 2026. The loan amount has been reduced to $733.6 million, approximately 68% of the appraised value of the Highland portfolio, and now carries a floating interest rate of SOFR + 4.13%. This extension offers Ashford Trust the opportunity to benefit from potential future interest rate cuts and de-risks its near-term debt maturity profile.

Ashford Hospitality Trust, Inc. (NYSE: AHT) has extended the maturity date of its Highland mortgage loan to January 9, 2026, with an option to extend to July 9, 2026, subject to certain conditions [1]. The loan, initially set to mature on April 9, 2025, was secured by 18 hotels and has been reduced to a current balance of $733.6 million, representing approximately 68% of the appraised value of the Highland portfolio [1].

The extension provides Ashford Trust with the opportunity to benefit from potential future interest rate cuts and improve coverage metrics ahead of a longer-term refinancing [1]. The loan now bears a floating interest rate of SOFR + 4.13%, reflecting the current market conditions [1].

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels [1]. The extension of the Highland loan is part of the company's strategy to manage its debt profile and capitalize on favorable market conditions.

The extension was announced by Stephen Zsigray, the company's president and chief executive officer, who stated, "We are pleased to announce the extension of the Highland loan. Having recently appraised for nearly $1.1 billion, the Highland pool of assets is the most valuable in the Ashford Trust portfolio, and we are hopeful that this extension will provide us with an opportunity to benefit from anticipated interest rate cuts and improved coverage metrics ahead of a longer-term refinancing" [1].

Forward-Looking Statements
The company has included forward-looking statements in its press release, which are subject to various risks and uncertainties. These statements are based on the company's beliefs, assumptions, and expectations of its future performance, and they can change as a result of many potential events or factors [1]. Investors are advised to carefully consider these risks when making investment decisions concerning the company's securities.

References
[1] https://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-extension-of-highland-loan-302518005.html