ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE HOTEL INDIGO ATLANTA MIDTOWN

Company Overview - Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels [2] Loan Extension Details - The company has successfully extended its mortgage loan secured by the 141-room Hotel Indigo Atlanta Midtown in Atlanta, Georgia [1] - The original loan had a final maturity date in December 2024, which has now been extended to an initial maturity in February 2026, with a one-year extension option available, leading to a final maturity date in February 2027 [1] - The current balance of the loan is $12.3 million, with an interest rate set at a floating rate of SOFR + 2.85% [1]