Ashford Hospitality Trust sells 2 hotels for $33mln, 1.3% capitalization rate.

• Ashford Hospitality Trust sold Hilton Houston NASA Clear Lake for $27 million. • Sold Residence Inn Evansville East for $6 million. • Combined sale price represents 1.3% capitalization rate on net operating income. • Multiple of 45.3 times Hotel EBITDA for 12 months ended July 31, 2025. • Digital data not mentioned in the article.

Ashford Hospitality Trust, Inc. (NYSE: AHT) recently announced the completion of two significant strategic portfolio sales. The company sold the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and the Residence Inn Evansville East in Evansville, Indiana, for $6 million [1].

When adjusted for the Company's anticipated capital expenditures, the combined sale price represents a 1.3% capitalization rate on net operating income or a multiple of 45.3 times Hotel EBITDA for the twelve months ended July 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 2.0% capitalization rate on net operating income or a multiple of 28.1 times Hotel EBITDA for the twelve months ended July 31, 2025 [1].

According to Stephen Zsigray, President and Chief Executive Officer of Ashford Hospitality Trust, these transactions reflect the company's continued focus on creating shareholder value. The sales have deleveraged the platform, improved the coverage metrics of the recently extended MS 17 loan pool, and increased portfolio cash flow after debt service. The company anticipates pursuing similar opportunistic sales in the coming months [1].

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

References:
[1] https://www.marketscreener.com/news/ashford-hospitality-trust-announces-strategic-portfolio-sales-ce7c50d8dc8bf021