Ashford Hospitality Sells Courtyard Boston Downtown for $123M

Core Viewpoint - Ashford Hospitality Trust, Inc. (AHT) is actively addressing its strategic financing challenges and focusing on shareholder value creation through its GRO AHT initiative, which has led to significant revenue growth and a recent asset sale [2][3]. Group 1: Recent Developments - AHT has successfully sold the 315-room Courtyard Boston Downtown for $123 million, equating to $390,500 per key, which will help deleverage its BAML Highland Pool loan and reduce future capital expenditures [1]. - The company has experienced a 45.8% increase in share price over the past three months, significantly outperforming the industry, which has seen a decline of 13.5% [3]. Group 2: Strategic Initiatives - The GRO AHT initiative is expected to drive outsized EBITDA growth and enhance shareholder value as the company capitalizes on favorable market conditions [3]. - AHT's president and CEO, Stephen Zsigray, expressed optimism regarding the improved sentiment in transaction and financing markets, indicating progress in their strategic initiatives [2].