DALLAS, Texas—Ashford Hospitality Trust, Inc. offered updates on a number of strategic transactions. The corporate has entered into definitive agreements to promote two properties and has efficiently closed on the gross sales of two beforehand disclosed transactions. Ashford Hospitality Belief has obtained robust curiosity from consumers on a number of property.
“We proceed to see depth in purchaser curiosity throughout our portfolio lead to robust asset valuations,” stated Stephen Zsigray, president and chief government officer. “Strategic gross sales proceed to be a core part of our plan to cut back leverage and enhance money stream through curiosity expense and capital expenditure aid. Proceeds from these transactions are primarily used to retire debt, positioning the Firm for long-term worth creation.”
La Posada de Santa Fe Resort & Spa
The settlement for the 157-room La Posada de Santa Fe Resort & Spa is for $57.5 million or $364,000 per key. The sale is predicted to be accomplished in March 2026 and is topic to regular closing circumstances. The corporate offers no assurances that the sale shall be accomplished on these phrases or in any respect.
When adjusted for the corporate’s anticipated capital expenditures of $18 million, the sale value represents a 5.9 p.c capitalization fee on web working earnings or a a number of of 15.1 occasions Lodge EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the mixed sale value represents a 7.8 p.c capitalization fee on web working earnings or a a number of of 11.5 occasions Lodge EBITDA for the twelve months ended December 31, 2025.
Hilton St. Petersburg Bayfront
The settlement for the 333-room Hilton St. Petersburg Bayfront is for $96 million or $288,000 per key. The sale is predicted to be accomplished in March 2026 and is topic to regular closing circumstances. The corporate offers no assurances that the sale shall be accomplished on these phrases or in any respect.
When adjusted for the corporate’s anticipated capital expenditures of $23 million, the sale value represents a 5.5 p.c capitalization fee on web working earnings or a a number of of 16.1 occasions Lodge EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the mixed sale value represents a 6.8 p.c capitalization fee on web working earnings or a a number of of 13.0 occasions Lodge EBITDA for the twelve months ended December 31, 2025.
Closed Transactions: Embassy Suites by Hilton Houston Close to the Galleria and Embassy Suites by Hilton Austin Arboretum
Ashford Belief has efficiently closed on the beforehand introduced gross sales of the Embassy Suites by Hilton Houston Close to the Galleria and the Embassy Suites by Hilton Austin Arboretum, representing 300 rooms. These transactions generated $27 million in gross proceeds, or $90,000 per key.
When adjusted for the corporate’s anticipated capital expenditures of $14.5 million, the sale value represents a 1.7 p.c capitalization fee on web working earnings or a a number of of 34.5 occasions Lodge EBITDA for the twelve months ended December 31, 2025. Excluding the anticipated capital spend, the mixed sale value represents a 2.7 p.c capitalization fee on web working earnings or a a number of of twenty-two.5 occasions Lodge EBITDA for the twelve months ended December 31, 2025.
Collectively, these 4 gross sales are anticipated to contribute to greater than $2 million in annual money stream enchancment and $55.5 million in future capital expenditure financial savings primarily based on present mortgage rates of interest.
