DivestmentJun 16, 2026, 04:47 PM
Ashford Hospitality Trust Sells Hilton Garden Inn Jacksonville for $11.0M
AI Summary
Ashford Hospitality Trust completed the sale of its 119-room Hilton Garden Inn Jacksonville - Deerwood Park in Jacksonville, Florida, for approximately $11.0 million in cash. The company used approximately $9.5 million of the proceeds to repay a portion of the mortgage loan secured by the hotel. This divestment is expected to result in an estimated non-recurring gain of $4.030 million for the year ended December 31, 2025, and slightly improve the company's pro forma net loss.
Key Highlights
- Ashford Hospitality Trust sold the 119-room Hilton Garden Inn Jacksonville - Deerwood Park.
- The sale was completed for approximately $11.0 million in cash, net of selling expenses.
- The company paid approximately $9.5 million to the mortgage lender associated with the hotel.
- The disposition resulted in an estimated non-recurring gain of $4.030 million for the year ended December 31, 2025.
- Pro forma net loss attributable to common stockholders improved to $(209.8) million for 2025.
- Pro forma net loss attributable to common stockholders improved to $(71.0) million for Q1 2026.
Price Impact
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