DivestmentJun 12, 2026, 04:22 PM
Ashford Hospitality Trust Sells Sheraton Mission Valley for $45.3M
AI Summary
Ashford Hospitality Trust, Inc. announced the completion of the sale of the Sheraton Mission Valley in San Diego, California, for approximately $45.3 million in cash. The company also paid down a mortgage loan of approximately $35.9 million. Unaudited pro forma financial information reflecting the disposition is provided for the balance sheet as of March 31, 2026, and for the years ended December 31, 2025, and March 31, 2026.
Key Highlights
- Ashford Hospitality Trust Inc. completed the sale of Sheraton Mission Valley in San Diego, California.
- The sale generated approximately $45.3 million in cash.
- The company paid approximately $35.9 million to the mortgage lender secured by 15 hotels, including the sold property.
- Pro forma balance sheet as of March 31, 2026, shows total assets of $2,571,433,000.
- Pro forma statement of operations for year ended Dec 31, 2025, shows total revenue of $1,089,123,000.
- Pro forma statement of operations for three months ended March 31, 2026, shows total revenue of $264,185,000.
- The disposition is expected to result in a non-recurring gain, with preliminary figures reflected in pro forma statements.
Price Impact
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