ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF THE COURTYARD BOSTON DOWNTOWN

Core Viewpoint - Ashford Hospitality Trust has successfully sold the 315-room Courtyard Boston Downtown for $123.0 million, which is approximately $390,500 per key, indicating a strategic move to enhance financial stability and reduce debt [1][2]. Company Summary - The sale of the Courtyard Boston Downtown will help deleverage the company's BAML Highland Pool loan and lead to significant capital expenditure savings in the future [2]. - The company is experiencing improved sentiment in transaction and financing markets, which is reflected in strong revenue growth achieved in December [2]. - Ashford Hospitality Trust operates as a real estate investment trust (REIT) primarily focused on upper upscale, full-service hotels [2].