DivestmentOct 1, 2026, 04:26 PM
Ashford Hospitality Sells Embassy Suites Las Vegas for $43.5M
AI Summary
Ashford Hospitality Trust, Inc. announced the completion of the sale of its Embassy Suites Las Vegas property for approximately $43.5 million in cash. The transaction, which closed on September 25, 2026, involved an indirect wholly owned subsidiary as the seller. Concurrently, the company paid approximately $41.2 million to its mortgage lender. The filing also includes unaudited pro forma financial information for the six months ended June 30, 2026, and the year ended December 31, 2025, reflecting the impact of this divestment.
Key Highlights
- Ashford Hospitality Trust Inc. completed the sale of Embassy Suites Las Vegas for approximately $43.5 million in cash.
- The sale of the 220-room hotel was completed on September 25, 2026.
- The company paid approximately $41.2 million to the mortgage lender secured by seven hotels, including the sold property.
- Unaudited pro forma financial information for the six months ended June 30, 2026, and the year ended December 31, 2025, has been filed.
- The pro forma financial statements reflect the removal of the assets and liabilities of Embassy Suites Las Vegas.
Price Impact
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