ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL RESIDENCE INN SAN DIEGO SORRENTO MESA
Ashford Hospitality Trust (NYSE: AHT) has announced a definitive agreement to sell its 150-room Residence Inn San Diego Sorrento Mesa for $42.0 million ($280,000 per key). The transaction is expected to close in October 2025.
When adjusted for anticipated capital expenditures of $16.0 million, the sale represents a 5.7% capitalization rate on net operating income and a 15.3x Hotel EBITDA multiple. Without considering the capital expenditures, the sale reflects a 7.9% cap rate and 11.1x Hotel EBITDA multiple based on the twelve months ended July 31, 2025.
The sale aligns with the company's strategy to opportunistically reduce leverage and create shareholder value.
Ashford Hospitality Trust (NYSE: AHT) ha annunciato un accordo definitivo per vendere il proprio Residence Inn San Diego Sorrento Mesa di 150 camere per 42,0 milioni di dollari (280.000 dollari per camera). Si prevede che l’operazione venga chiusa nell’ottobre 2025.
Rifacendo il valore tenendo conto delle spese in conto capitale anticipate di 16,0 milioni di dollari, la vendita rappresenta un tasso di capitalizzazione del 5,7% sul reddito operativo netto e un multiplo Hotel EBITDA di 15,3x. Senza considerare le spese in conto capitale, la vendita riflette un cap rate del 7,9% e un multiplo Hotel EBITDA di 11,1x basato sui dodici mesi conclusi al 31 luglio 2025.
La vendita è in linea con la strategia della società di ridurre opportunisticamente l’indebitamento e creare valore per gli azionisti.
Ashford Hospitality Trust (NYSE: AHT) ha anunciado un acuerdo definitivo para vender su Residence Inn San Diego Sorrento Mesa de 150 habitaciones por 42,0 millones de dólares (280.000 dólares por habitación). Se espera que la operación se cierre en octubre de 2025.
Al ajustarla por los gastos de capital previstos de 16,0 millones de dólares, la venta representa una tasa de capitalización del 5,7% sobre los ingresos netos operativos y un múltiplo Hotel EBITDA de 15,3x. Sin considerar los gastos de capital, la venta refleja una tasa de capitalización del 7,9% y un múltiplo Hotel EBITDA de 11,1x basado en los doce meses terminados el 31 de julio de 2025.
La venta se alinea con la estrategia de la empresa de reducir la deuda de forma oportuna y crear valor para los accionistas.
Ashford Hospitality Trust (NYSE: AHT)가 150실 규모의 Residence Inn San Diego Sorrento Mesa를 4,200만 달러(객실당 28만 달러)에 매매하기로 하는 확정 계약을 발표했습니다. 거래는 2025년 10월에 마감될 것으로 예상됩니다.
예상 자본 지출 1600만 달러를 반영하면 매각은 순영업소득에 대한 5.7%의 자본화율과 Hotel EBITDA 곱수 15.3x를 나타냅니다. 자본 지출을 고려하지 않으면 매각은 2025년 7월 31일 종료된 최근 12개월 기준으로 7.9%의 자본화율과 Hotel EBITDA 곱 11.1x를 반영합니다.
매각은 레버리지를 기회적으로 줄이고 주주 가치를 창출하려는 회사의 전략과 일치합니다.
Ashford Hospitality Trust (NYSE : AHT) a annoncé un accord définitif visant à vendre son Residence Inn San Diego Sorrento Mesa de 150 chambres pour 42,0 millions de dollars (280 000 dollars par chambre). La transaction devrait être finalisée en octobre 2025.
Ajustée des dépenses en capital prévues de 16,0 millions de dollars, la vente représente un taux de capitalisation sur le revenu net d’exploitation de 5,7% et un multiple Hotel EBITDA de 15,3x. Sans tenir compte des dépenses en capital, la vente reflète un taux de capitalisation de 7,9% et un multiple Hotel EBITDA de 11,1x basé sur les douze mois clos au 31 juillet 2025.
La vente s’inscrit dans la stratégie de l’entreprise consistant à réduire opportunément l’endettement et à créer de la valeur pour les actionnaires.
Ashford Hospitality Trust (NYSE: AHT) hat eine endgültige Vereinbarung zum Verkauf seines 150-Zimmer Residence Inn San Diego Sorrento Mesa für 42,0 Millionen Dollar ( 280.000 Dollar pro Zimmer) bekannt gegeben. Die Transaktion soll voraussichtlich im Oktober 2025 abgeschlossen werden.
Unter Berücksichtigung der erwarteten Kapitalausgaben von 16,0 Millionen Dollar ergibt sich beim Verkauf eine Kapitalisierungsrate von 5,7% auf das Net Operating Income und ein Hotel EBITDA-Multiplikator von 15,3x. Ohne Berücksichtigung der Kapitalausgaben reflektiert der Verkauf eine Cap Rate von 7,9% und einen Hotel EBITDA Multiplikator von 11,1x, basierend auf den zwölf Monaten bis zum 31. Juli 2025.
Der Verkauf entspricht der Strategie des Unternehmens, die Verschuldung opportunistisch zu senken und shareholder value zu schaffen.
Ashford Hospitality Trust (NYSE: AHT) أعلن عن اتفاق نهائي لبيع فندق Residence Inn San Diego Sorrento Mesa من 150 غرفة بمبلغ 42.0 مليون دولار (280,000 دولار لكل غرفة). من المتوقع إغلاق الصفقة في أكتوبر 2025.
عند تعديلها بالنفقات الرأسمالية المتوقعة البالغة 16.0 مليون دولار, فإن البيع يمثل معدل رسملة قدره 5.7% على صافي دخل التشغيل و< b>مضاعف EBITDA للفندق بمقدار 15.3x. بدون اعتبار النفقات الرأسمالية، يعكس البيع معدل رسملة قدره 7.9% ومضاعف EBITDA للفندق قدره 11.1x استنادًا إلى الاثني عشر شهرًا المنتهين في 31 يوليو 2025.
البيع يتسق مع استراتيجية الشركة في تقليل الدين بشكل انتقائي وخلق قيمة للمساهمين.
Ashford Hospitality Trust (NYSE: AHT) 已宣布就其 150 间客房的 Residence Inn San Diego Sorrento Mesa 签署最终出售协议，成交价为 4200 万美元（每间客房 28 万美元）。交易预计将于 2025 年 10 月完成。
若按预计的资本支出 1600 万美元进行调整，出售对净营业收入的资本化率为 5.7%，酒店 EBITDA 倍数为 15.3x。若不考虑资本支出，基于截至 2025 年 7 月 31 日的过去 12 个月，出售的资本化率为 7.9%，酒店 EBITDA 倍数为 11.1x。
此次出售符合公司通过机会性降低杠杆、提升股东价值的战略。
- Sale price of $42.0 million represents $280,000 per key
- Transaction provides increased financial flexibility
- Strategic deleveraging opportunity for the portfolio
- Significant anticipated capital expenditure requirement of $16.0 million
- Lower capitalization rate when adjusted for capital expenditures (5.7% vs 7.9%)
Insights
Ashford Trust selling San Diego hotel for $42M to reduce debt, representing strong valuation multiple despite needed capital expenditures.
Ashford Hospitality Trust has signed an agreement to sell its Residence Inn San Diego Sorrento Mesa for
The transaction shows two different valuation perspectives: When factoring in the needed
This sale aligns with Ashford's strategic initiative to "opportunistically deleverage the portfolio" - essentially reducing debt obligations through property dispositions. The significant capital expenditure requirement (
The transaction appears financially sound, as upper upscale hotels typically trade between 10-13x EBITDA in current market conditions. Even with the capital expenditure adjustments, Ashford is achieving valuation multiples within or above market norms, suggesting they've secured favorable terms while advancing their deleveraging strategy.
When adjusted for the Company's anticipated capital expenditures of
"The planned sale of the Residence Inn San Diego Sorrento Mesa reflects our ongoing strategy to opportunistically deleverage the portfolio while creating value for our shareholders," commented President and Chief Executive Officer Stephen Zsigray. "This transaction provides us with increased financial flexibility moving forward."
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.
FAQ
What is the sale price for Ashford Hospitality Trust's Residence Inn San Diego Sorrento Mesa?
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