ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE HOTEL INDIGO ATLANTA MIDTOWN
Ashford Hospitality Trust (NYSE: AHT) has successfully extended its mortgage loan for the Hotel Indigo Atlanta Midtown, a 141-room property in Atlanta, Georgia. The loan, with a current balance of $12.3 million, has been extended from its original December 2024 maturity to February 2026, with an additional one-year extension option available until February 2027, subject to certain conditions.
The loan maintains its floating interest rate of SOFR + 2.85%. This extension represents a significant debt management milestone for the REIT, which specializes in investing predominantly in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) ha esteso con successo il suo prestito ipotecario per l'Hotel Indigo Atlanta Midtown, una struttura di 141 camere ad Atlanta, Georgia. Il prestito, con un saldo attuale di 12,3 milioni di dollari, 猫 stato prorogato dalla scadenza originale di dicembre 2024 a febbraio 2026, con un'opzione di estensione aggiuntiva di un anno disponibile fino a febbraio 2027, soggetta a determinate condizioni.
Il prestito mantiene il suo tasso d'interesse variabile di SOFR + 2,85%. Questa estensione rappresenta un'importante pietra miliare nella gestione del debito per il REIT, che si specializza nell'investimento prevalentemente in hotel di fascia alta e servizi completi.
Ashford Hospitality Trust (NYSE: AHT) ha logrado extender con 茅xito su pr茅stamo hipotecario para el Hotel Indigo Atlanta Midtown, un establecimiento de 141 habitaciones en Atlanta, Georgia. El pr茅stamo, con un saldo actual de 12,3 millones de d贸lares, se ha extendido desde su vencimiento original en diciembre de 2024 hasta febrero de 2026, con una opci贸n adicional de pr贸rroga de un a帽o disponible hasta febrero de 2027, sujeta a ciertas condiciones.
El pr茅stamo mantiene su tasa de inter茅s variable de SOFR + 2,85%. Esta extensi贸n representa un hito importante en la gesti贸n de la deuda para el REIT, que se especializa en invertir predominantemente en hoteles de lujo y de servicio completo.
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Ashford Hospitality Trust (NYSE: AHT) a r茅ussi 脿 prolonger son pr锚t hypoth茅caire pour l'Hotel Indigo Atlanta Midtown, un 茅tablissement de 141 chambres situ茅 脿 Atlanta, en G茅orgie. Le pr锚t, avec un solde actuel de 12,3 millions de dollars, a 茅t茅 prolong茅 de son 茅ch茅ance initiale de d茅cembre 2024 脿 f茅vrier 2026, avec une option de prolongation suppl茅mentaire d'un an disponible jusqu'en f茅vrier 2027, sous certaines conditions.
Le pr锚t maintient son taux d'int茅r锚t variable de SOFR + 2,85%. Cette prolongation repr茅sente une 茅tape importante dans la gestion de la dette pour le REIT, qui se sp茅cialise dans l'investissement principalement dans des h么tels haut de gamme et de services complets.
Ashford Hospitality Trust (NYSE: AHT) hat erfolgreich sein Hypothekendarlehen f眉r das Hotel Indigo Atlanta Midtown, ein 141-Zimmer-Hotel in Atlanta, Georgia, verl盲ngert. Das Darlehen, mit einem aktuellen Saldo von 12,3 Millionen Dollar, wurde von der urspr眉nglichen F盲lligkeit im Dezember 2024 auf Februar 2026 verl盲ngert, mit einer zus盲tzlichen einj盲hrigen Verl盲ngerungsoption bis Februar 2027, vorbehaltlich bestimmter Bedingungen.
Das Darlehen beh盲lt seinen variablen Zinssatz von SOFR + 2,85% bei. Diese Verl盲ngerung stellt einen wichtigen Meilenstein im Schuldenmanagement f眉r den REIT dar, der sich auf Investitionen in 眉berwiegend gehobene, vollservice Hotels spezialisiert hat.
- Successful extension of $12.3M mortgage loan maturity by 14 months
- Additional 12-month extension option available until 2027
- Maintained same interest rate terms (SOFR + 2.85%)
- Floating rate exposure remains, creating potential interest rate risk
Insights
Ashford Hospitality Trust's successful extension of its
The extension shifts the maturity horizon from December 2024 to February 2026, with a potential further extension to 2027. This buys AHT critical breathing room in a challenging financing environment for hotel REITs, where securing new debt often comes with significantly higher costs. By maintaining the existing SOFR +
For investors, this extension offers several key implications:
- It demonstrates lender confidence in both the property and AHT's management
- It reduces near-term refinancing risk that could have pressured the company's liquidity
- It maintains exposure to interest rate fluctuations through the floating rate structure, which could be beneficial if rates decline as expected
The Hotel Indigo property represents one piece of AHT's predominantly upper upscale, full-service hotel portfolio. While this single extension doesn't resolve all of AHT's financial challenges, it follows the industry pattern of lenders preferring extensions over foreclosures on performing hotel assets. For a REIT of AHT's size, each successful debt renegotiation substantially improves its financial flexibility and operational runway.
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: Our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business.. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.
FAQ
What are the new maturity terms for AHT's Hotel Indigo Atlanta Midtown mortgage loan?
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