ASHFORD HOSPITALITY TRUST INC

Ashford Hospitality Trust, Inc. completed the sale of its 254-room Hilton Garden Inn Austin Downtown hotel in Austin, Texas, for $26.85 million in cash. The company received approximately $26.4 million in net cash consideration and used approximately $25.7 million to repay a portion of the mortgage loan secured by the hotel. Unaudited pro forma financial information reflecting the disposition was also provided.

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.

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.

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.

Ashford Hospitality Trust, through an indirect wholly owned subsidiary, completed the sale of the 378-room Sheraton Indianapolis City Centre Hotel for a gross purchase price of approximately $32.1 million. After purchaser credits and selling expenses, the company received approximately $16.5 million in cash. The company also paid approximately $14.6 million to the mortgage lender. The transaction resulted in an estimated non-recurring loss on disposition of $2.033 million for the year ended December 31, 2025.

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.

Ashford Hospitality Trust, Inc. announced the completion of the sale of its 150-room Embassy Suites by Hilton Dallas Near the Galleria on May 6, 2026. The property was sold for approximately $16.6 million in cash, net of selling expenses. Concurrently, the company repaid approximately $16.0 million of the mortgage loan associated with the property. Pro forma financial information indicates a non-recurring gain of $4.323 million from the disposition.

Ashford Hospitality Trust reported a net loss attributable to common stockholders of $(71.1) million, or $(11.03) per diluted share, for the first quarter of 2026. Despite the loss, the company achieved a 3.3% increase in comparable RevPAR and a 5.2% increase in comparable Hotel EBITDA. The company is actively executing a deleveraging strategy through asset sales, having closed seven hotel sales for combined gross proceeds of $296.5 million and entering agreements to sell six more for $154.6 million. However, the company has suspended preferred stock dividends and redemptions due to tight refinancing conditions and free cash flow.

Ashford Hospitality Trust, Inc. completed the sale of its 160-room Embassy Suites Palm Beach Gardens hotel for approximately $40.5 million in cash, net of selling expenses. Concurrently, the company paid down approximately $40.0 million to the mortgage lender, which had a loan secured by this and ten other hotels. The filing includes unaudited pro forma financial information reflecting the disposition.

Ashford Hospitality Trust, Inc. (AHT) provided an update on its strategic asset disposition program. The company has successfully completed the sale of four hotel properties. Additionally, AHT has entered into definitive agreements to sell two more hotels, signaling ongoing efforts to optimize its portfolio. This series of transactions reflects the company's strategy to streamline its asset base, though specific financial terms or the impact on the balance sheet were not disclosed in this filing.