Ashford Hospitality Trust announced the sale of Hilton Houston NASA Clear Lake in Houston, Texas for $27 million.
Additionally, they sold the Residence Inn Evansville East in Evansville, Indiana for $6 million.
The combined sale price represents a 1.3% capitalization rate on net operating income or a multiple of 45.3 times Hotel EBITDA for the twelve months ended July 31, 2025.
Strategic Sales
Focused on creating shareholder value via multiple avenues.
Deleveraging and Improvements
Selling non-core assets has deleveraged the platform and improved loan pool coverage metrics.
Future Sales Strategy
Anticipating pursuing similar opportunistic sales in the coming months.
- The sales have positively impacted the company's financial position and cash flow after debt service.
- The strategic sales reflect the company's commitment to enhancing shareholder value and optimizing the portfolio.
Ashford Hospitality Trust's recent strategic portfolio sales have shown a commitment to value creation and financial optimization. The company's focus on deleveraging and improving coverage metrics through asset sales reflects a proactive approach to enhancing shareholder returns.