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Plus, Reuben Brothers and Three Rules Capital are moving forward with plans to build a $2 billion mega-resort on the southwest coast of Puerto Rico, featuring two luxury hotels.
The New York transaction follows the real estate investment trust’s sale of a Marriott in Silicon Valley, California, amid the firm’s ongoing offloading strategy.
The California sale comes after Ashford offloaded several other hotel assets in June, as “opportunistic dispositions” remain core to the trust’s 2026 strategy, per CEO Stephen Zsigray.
The global investment firm, alongside Clearview Hotel Capital, purchased the hotel from subsidiaries of Ashford Hospitality Trust for $158 million.
The real estate investment trust has closed seven hotel sales so far this year as it looks to improve leverage, liquidity and cash flow, per CEO Stephen Zsigray.
Ashford Hospitality Trust expects these sales to close by May 2026, subject to customary conditions.
Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today announced that it has successfully closed on the sale of four hotels and has entered into definitive agreements to sell an additional two hotels. These six transactions are part of the Company's ongoing strategy to optimize its portfolio through strategic asset sales. The majority of proceeds will be used to pay down mortgage debt, and together, these sales are expected to result in more than $60 million in future capital expendit
The Dallas-based real estate investment trust sold the 252-room Hilton Alexandria Old Town hotel as part of its “opportunistic dispositions” strategy.
A historic resort just east of downtown Santa Fe has been purchased by a company connected to a prominent oil and gas family, according to the real estate agency that brokered the deal. The $58 million sale of La Posada de Santa Fe was announced in a Thursday news release issued on behalf of Hunter Advisors, the hotel-only brokerage firm that handled the transaction. The property has been sold ...
One of downtown Santa Fe’s well-known hospitality properties appears to be on its way to new owners. Ashford Hospitality Trust, the current owner of La Posada de Santa Fe, announced that it had entered into a definitive agreement to sell the property for nearly $58 million in a Feb. 24 news release. The company said the transaction is expected to close this month, but added it provides “no ...
Deric Eubanks will step down as chief financial officer of Ashford Inc. and its advised REITs, Ashford Hospitality Trust and Braemar Hotels & Resorts, amid the latter’s sale process.
Ashford Inc. (the "Company") today announced that Deric Eubanks, Chief Financial Officer and Treasurer, will retire in June following a 23-year career with the Company and its predecessor. Mr. Eubanks will step down as Chief Financial Officer of the Company and the Company's advised REITs, Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") and Braemar Hotels & Resorts, Inc. (NYSE: BHR) ("Braemar") effective March 31, 2026 and, in order to ensure a smooth transition, will continue to a
Ashford Hospitality Trust, Inc. (NYSE: AHT) (the "Company") today announced with great sadness that board member Davinder "Sonny" Sra passed away on February 25, 2026.
Despite a net loss, Ashford Hospitality Trust Inc (AHT) leverages strategic hotel sales and GRO AHT initiatives to improve EBITDA and prepare for future demand.
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