DivestmentAug 6, 2026, 05:18 PM
Ashford Hospitality Trust Sells Hyatt Regency Long Island for $26.2M
AI Summary
Ashford Hospitality Trust, Inc. announced the completion of the sale of its Hyatt Regency Long Island hotel in Hauppauge, New York, for approximately $26.2 million in cash, net of selling expenses. The company used approximately $25.7 million of the proceeds to repay a mortgage loan partially secured by the hotel. The filing includes unaudited pro forma financial information to reflect the impact of this disposition on the company's balance sheet and statements of operations for prior periods.
Key Highlights
- Ashford Hospitality Trust sold the Hyatt Regency Long Island for $26.2 million in cash.
- The sale was completed on July 31, 2026.
- Approximately $25.7 million was paid to the mortgage lender for the loan secured by 15 hotels.
- Unaudited pro forma financial information reflects the removal of the hotel's assets, liabilities, and operations.
- The pro forma includes a preliminary non-recurring gain associated with the disposition.
Price Impact
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