ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES
Ashford Hospitality Trust (NYSE: AHT) has completed strategic asset sales of two properties for a combined $33 million. The transactions include the Hilton Houston NASA Clear Lake for $27 million and the Residence Inn Evansville East for $6 million.
The combined sale price represents a 1.3% capitalization rate on net operating income (adjusted for anticipated capital expenditures) or a 45.3x Hotel EBITDA multiple for the twelve months ended July 31, 2025. Without adjusting for capital spend, these metrics are 2.0% and 28.1x respectively.
The company indicates these non-core asset dispositions align with their GRO AHT performance improvement initiative, helping to deleverage the platform and enhance portfolio cash flow after debt service.
Ashford Hospitality Trust (NYSE: AHT) ha completato la vendita strategica di due immobili per un totale di 33 milioni di dollari. Le operazioni comprendono il Hilton Houston NASA Clear Lake venduto per 27 milioni e il Residence Inn Evansville East per 6 milioni.
Il prezzo di vendita complessivo equivale a un tasso di capitalizzazione del 1,3% sul reddito operativo netto (rettificato per le spese in conto capitale previste) oppure a un multiplo di 45,3x EBITDA alberghiero per i dodici mesi conclusi il 31 luglio 2025. Se non si considerano le rettifiche per investimenti in capitale, tali indicatori risultano rispettivamente del 2,0% e di 28,1x.
L鈥檃zienda dichiara che queste cessioni di asset non core sono coerenti con l鈥檌niziativa di miglioramento delle performance GRO AHT, contribuendo a ridurre la leva finanziaria della piattaforma e a migliorare i flussi di cassa del portafoglio dopo il servizio del debito.
Ashford Hospitality Trust (NYSE: AHT) ha completado ventas estrat茅gicas de dos activos por un total de 33 millones de d贸lares. Las transacciones incluyen el Hilton Houston NASA Clear Lake por 27 millones y el Residence Inn Evansville East por 6 millones.
El precio de venta combinado representa una tasa de capitalizaci贸n del 1,3% sobre el ingreso operativo neto (ajustado por los gastos de capital previstos) o un m煤ltiplo de 45,3x EBITDA hotelero para los doce meses finalizados el 31 de julio de 2025. Sin ajustar por inversiones de capital, estas m茅tricas son del 2,0% y 28,1x, respectivamente.
La compa帽铆a se帽ala que estas disposiciones de activos no estrat茅gicos est谩n alineadas con la iniciativa GRO AHT de mejora del rendimiento, ayudando a reducir el apalancamiento de la plataforma y a mejorar el flujo de caja del portafolio despu茅s del servicio de la deuda.
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Ashford Hospitality Trust (NYSE: AHT) a finalis茅 la cession strat茅gique de deux actifs pour un total de 33 millions de dollars. Les transactions comprennent le Hilton Houston NASA Clear Lake pour 27 millions et le Residence Inn Evansville East pour 6 millions.
Le prix de vente combin茅 repr茅sente un taux de capitalisation de 1,3% sur le revenu net d'exploitation (ajust茅 des d茅penses d'investissement pr茅vues) ou un multiple de 45,3x de l'EBITDA h么telier pour les douze mois clos le 31 juillet 2025. Sans ajustement pour les d茅penses en capital, ces indicateurs sont respectivement de 2,0% et 28,1x.
La soci茅t茅 indique que ces cessions d'actifs non strat茅giques s'inscrivent dans son initiative GRO AHT d'am茅lioration des performances, contribuant 脿 r茅duire l'effet de levier de la plateforme et 脿 renforcer les flux de tr茅sorerie du portefeuille apr猫s le service de la dette.
Ashford Hospitality Trust (NYSE: AHT) hat den strategischen Verkauf von zwei Immobilien im Gesamtwert von 33 Millionen US-Dollar abgeschlossen. Zu den Transaktionen geh枚ren das Hilton Houston NASA Clear Lake f眉r 27 Millionen und das Residence Inn Evansville East f眉r 6 Millionen.
Der kombinierte Verkaufspreis entspricht einer 1,3% Kapitalisierungsrate auf das bereinigte Netto-Betriebsergebnis (unter Ber眉cksichtigung geplanter Investitionsausgaben) bzw. einem 45,3-fachen Hotel-EBITDA-Multiplikator f眉r die zw枚lf Monate zum 31. Juli 2025. Ohne Anpassung f眉r Kapitalausgaben liegen diese Kennzahlen bei 2,0% bzw. 28,1x.
Das Unternehmen gibt an, dass diese Ver盲u脽erungen nicht zum Kerngesch盲ft geh枚render Verm枚genswerte mit der GRO AHT Performance-Verbesserungsinitiative 眉bereinstimmen und dazu beitragen, die Verschuldung der Plattform zu reduzieren und den Cashflow des Portfolios nach Schuldendienst zu verbessern.
- Strategic sale of two non-core assets for combined $33 million
- Improved coverage metrics for MS 17 loan pool
- Enhanced portfolio cash flow after debt service
- Platform deleveraging through asset dispositions
- Low capitalization rate of 1.3% on the sales (adjusted for capital expenditures)
- Reduction in total property portfolio size
Insights
AHT's $33M hotel sales represent strategic deleveraging with low cap rates, suggesting properties required significant future investments.
Ashford Hospitality Trust has completed the strategic divestiture of two non-core hotel properties for a combined
These remarkably low cap rates (the standard for quality hotel assets typically ranges from
Management's reference to their "GRO AHT" performance initiative coupled with these strategic divestitures signals a dual approach to improving shareholder value - operational enhancements for retained properties while pruning underperforming assets that would drain capital resources. The explicit statement about pursuing "similar opportunistic sales" indicates this is part of a broader portfolio optimization strategy rather than an isolated transaction.
For investors, this represents a positive shift toward financial discipline and strategic focus on the company's core upper upscale, full-service hotel portfolio. The willingness to divest properties at seemingly unfavorable multiples demonstrates management's commitment to long-term portfolio health over short-term optics.
When adjusted for the Company's anticipated capital expenditures, the combined sale price represents a
"These transactions reflect our continued focus on creating shareholder value via multiple avenues," commented President and Chief Executive Officer Stephen Zsigray. "In addition to our GRO AHT effort aimed at driving increased performance, selling these two non-core assets has deleveraged the platform, improved the coverage metrics of our recently extended MS 17 loan pool, and increased portfolio cash flow after debt service. We anticipate pursuing similar opportunistic sales in the coming months."
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
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