ASHFORD HOSPITALITY PFD H

Ashford Hospitality Trust has signed a definitive agreement to sell the 150-room Residence Inn San Diego Sorrento Mesa for $42 million; closing is expected in October 2025 and is subject to customary conditions. The proceeds of $280,000 per room are intended to improve liquidity and support the REIT’s strategic de-leveraging, as its short-term liabilities exceed its cash on hand. Adjusted for planned capital expenditures, the sale corresponds to a cap rate of 5.7% or 15.3x hotel EBITDA; the company reported a net loss of $39.9 million in the second quarter and plans EBITDA improvements of $50 million. » More on de.investing.com

Ashford Hospitality Trust has sold two hotels — the Hilton Houston NASA Clear Lake for $27 million and the Residence Inn Evansville East for $6 million — describing the properties as non-core. The sale is intended to reduce debt, improve credit coverage metrics and increase cash flow after debt service; the company plans further opportunistic dispositions. For Q2 2025 Ashford Hospitality Trust reported a net loss of $39.9 million but is implementing measures to improve EBITDA by $50 million. » More on de.investing.com