Core Viewpoint - Ashford Hospitality Trust, Inc. has completed the sale of two properties, enhancing shareholder value and improving financial metrics [3]. Group 1: Property Sales - The company sold the Hilton Houston NASA Clear Lake for $27 million and the Residence Inn Evansville East for $6 million [1]. - The combined sale price reflects a capitalization rate of 1.3% on net operating income when adjusted for anticipated capital expenditures, or a multiple of 45.3 times Hotel EBITDA for the twelve months ended July 31, 2025 [2]. Group 2: Financial Impact - Excluding anticipated capital expenditures, the combined sale price represents a 2.0% capitalization rate on net operating income or a multiple of 28.1 times Hotel EBITDA for the twelve months ended July 31, 2025 [2]. - The sale of these non-core assets has deleveraged the platform and improved the coverage metrics of the recently extended MS 17 loan pool, increasing portfolio cash flow after debt service [3]. Group 3: Future Strategy - The company anticipates pursuing similar opportunistic sales in the coming months as part of its strategy to create shareholder value [3].

Core Insights - Ashford Hospitality Trust, Inc. (AHT) has agreed to sell the Hilton Houston NASA Clear Lake for $27 million as part of its strategic plan to deleverage and optimize its portfolio [1][2] - The sale is expected to yield a capitalization rate of 3.2% on net operating income (NOI) or 23.6X Hotel EBITDA after capital expenditure adjustments [2] - The transaction will help deleverage the Morgan Stanley 17 Pool loan and result in significant capital expenditure savings [3] Company Overview - AHT is focused on addressing its strategic financing challenges and creating shareholder value through repositioning efforts [4] - The company's assets are well-positioned to benefit from favorable market conditions while pursuing financial and operational objectives [5] - AHT is expected to grow in the near term by executing its GRO AHT initiative aimed at driving outsized EBITDA growth [5] Market Performance - Over the past three months, AHT shares have declined by 21.8%, which is greater than the industry average decline of 5.4% [6] - The hotel industry is experiencing softening fundamentals amid macroeconomic uncertainty and elevated interest rates, which poses concerns for AHT [5] Comparative Analysis - Other REITs such as VICI Properties and W.P. Carey are currently better-ranked, with VICI's 2025 FFO per share estimate raised to $2.34 and W.P. Carey's current-year FFO per share estimate increased by 1% to $4.88 [7]

DALLAS, May 23, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has signed a definitive agreement to sell the 242-room Hilton Houston NASA Clear Lake located in Houston, Texas for $27.0 million. The sale is expected to be completed in June 2025 and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all.When adjusted for the Company's anticipated capital ex ...