DALLAS, Texas—Ashford Hospitality Trust, Inc. introduced the completion of the gross sales of the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and the Residence Inn Evansville East in Evansville, Indiana, for $6 million.
When adjusted for the corporate’s anticipated capital expenditures, the mixed sale value represents a 1.3 p.c capitalization fee on internet working earnings or a a number of of 45.3 occasions Resort EBITDA for the twelve months ended July 31, 2025. Excluding the anticipated capital spend, the mixed sale value represents a 2.0 p.c capitalization fee on internet working earnings or a a number of of 28.1 occasions Resort EBITDA for the twelve months ended July 31, 2025.
“These transactions replicate our continued give attention to creating shareholder worth through a number of avenues,” commented President and Chief Government Officer Stephen Zsigray. “Along with our GRO AHT effort geared toward driving elevated efficiency, promoting these two non-core belongings has deleveraged the platform, improved the protection metrics of our just lately prolonged MS 17 mortgage pool, and elevated portfolio money circulate after debt service. We anticipate pursuing related opportunistic gross sales within the coming months.”
