DivestmentMay 22, 2026, 04:23 PM
Ashford Hospitality Trust Sells Lakeway Resort for $37.75M
AI Summary
Ashford Hospitality Trust, through its indirect wholly owned subsidiary Ashford Lakeway LP, completed the sale of the Lakeway Resort and Spa in Austin, Texas, for $37.75 million in cash. The net cash consideration was approximately $37.2 million, and the company used approximately $36.3 million to repay a portion of the mortgage loan secured by 16 hotels, including Lakeway. The transaction is expected to result in an estimated non-recurring gain of $15.34 million for the year ended December 31, 2025, as reflected in the unaudited pro forma financial information.
Key Highlights
- Ashford Hospitality Trust sold Lakeway Resort and Spa for $37.75 million in cash.
- Net cash consideration from the sale was approximately $37.2 million.
- The company paid approximately $36.3 million to the mortgage lender for the loan partially secured by Lakeway.
- The unaudited pro forma financial information reflects an estimated non-recurring gain of $15.34 million on the disposition for the year ended December 31, 2025.
- Lakeway Resort and Spa generated $13.559 million in total revenue for the year ended December 31, 2025.
- Lakeway Resort and Spa generated $2.856 million in total revenue for the three months ended March 31, 2026.
Price Impact
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