DivestmentJun 4, 2026, 04:16 PM
Ashford Hospitality Trust Sells Silversmith Hotel Chicago for $15.9M
AI Summary
Ashford Hospitality Trust, Inc. has filed an 8-K detailing the sale of the Silversmith Hotel Chicago for approximately $15.9 million in cash. The filing includes unaudited pro forma financial information reflecting the disposition. The sale involved a $15.0 million payment to a mortgage lender. Pro forma statements show a net loss attributable to common stockholders of $67.037 million for the three months ended March 31, 2026, and $212.939 million for the year ended December 31, 2025.
Key Highlights
- Ashford Hospitality Trust sold Silversmith Hotel Chicago for approximately $15.9 million cash.
- The sale resulted in a preliminary pro forma loss of $2.185 million for the year ended Dec 31, 2025.
- Pro forma net loss attributable to common stockholders for Q1 2026 was $67.037 million.
- Pro forma net loss attributable to common stockholders for FY 2025 was $212.939 million.
- The company paid approximately $15.0 million to the mortgage lender secured by 18 hotels including the sold property.
Price Impact
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