Ashford Hospitality Trust

Ashford Hospitality Trust completed the sale of the Hyatt Regency Long Island in Hauppauge, New York, on July 31 for about $26.5 million in cash. The transaction was carried out through its indirect subsidiary HH FP Portfolio LLC to ABGHLI2613 LLC and TIC Owner Hyatt LLC. The sale comes against the backdrop of a low market capitalization of $21.29 million and a current ratio of 0.47, indicating liquidity pressures. Ashford recently completed other hotel sales, including the Hilton Garden Inn Austin Downtown ($26.85 million), Hilton Garden Inn Jacksonville Deerwood Park ($11.3 million) and the Sheraton Mission Valley in San Diego (approximately $45.3 million). » More on de.investing.com