ASHFORD HOSPITALITY TRUST ANNOUNCES STRATEGIC PORTFOLIO SALES
Ashford Hospitality Trust (NYSE: AHT) has completed strategic asset sales of two properties for a combined $33 million. The transactions include the Hilton Houston NASA Clear Lake for $27 million and the Residence Inn Evansville East for $6 million.
The combined sale price represents a 1.3% capitalization rate on net operating income (adjusted for anticipated capital expenditures) or a 45.3x Hotel EBITDA multiple for the twelve months ended July 31, 2025. Without adjusting for capital spend, these metrics are 2.0% and 28.1x respectively.
The company indicates these non-core asset dispositions align with their GRO AHT performance improvement initiative, helping to deleverage the platform and enhance portfolio cash flow after debt service.
Ashford Hospitality Trust (NYSE: AHT) ha completato la vendita strategica di due immobili per un totale di 33 milioni di dollari. Le operazioni comprendono il Hilton Houston NASA Clear Lake venduto per 27 milioni e il Residence Inn Evansville East per 6 milioni.
Il prezzo di vendita complessivo equivale a un tasso di capitalizzazione del 1,3% sul reddito operativo netto (rettificato per le spese in conto capitale previste) oppure a un multiplo di 45,3x EBITDA alberghiero per i dodici mesi conclusi il 31 luglio 2025. Se non si considerano le rettifiche per investimenti in capitale, tali indicatori risultano rispettivamente del 2,0% e di 28,1x.
L’azienda dichiara che queste cessioni di asset non core sono coerenti con l’iniziativa di miglioramento delle performance GRO AHT, contribuendo a ridurre la leva finanziaria della piattaforma e a migliorare i flussi di cassa del portafoglio dopo il servizio del debito.
Ashford Hospitality Trust (NYSE: AHT) ha completado ventas estratégicas de dos activos por un total de 33 millones de dólares. Las transacciones incluyen el Hilton Houston NASA Clear Lake por 27 millones y el Residence Inn Evansville East por 6 millones.
El precio de venta combinado representa una tasa de capitalización del 1,3% sobre el ingreso operativo neto (ajustado por los gastos de capital previstos) o un múltiplo de 45,3x EBITDA hotelero para los doce meses finalizados el 31 de julio de 2025. Sin ajustar por inversiones de capital, estas métricas son del 2,0% y 28,1x, respectivamente.
La compañía señala que estas disposiciones de activos no estratégicos están alineadas con la iniciativa GRO AHT de mejora del rendimiento, ayudando a reducir el apalancamiento de la plataforma y a mejorar el flujo de caja del portafolio después del servicio de la deuda.
Ashford Hospitality Trust (NYSE: AHT)가 두 건의 자산을 총 3,300만 달러에 전략적으로 매각을 완료했습니다. 거래 대상은 Hilton Houston NASA Clear Lake로 2,700만 달러, Residence Inn Evansville East로 600만 달러입니다.
총 매각가는 예상 자본적지출을 반영한 순영업소득 기준으로 1.3% 자본환원율 또는 2025년 7월 31일로 종료된 12개월에 대해 호텔 EBITDA 45.3배에 해당합니다. 자본지출 조정 없이 보면 해당 지표는 각각 2.0%와 28.1배입니다.
회사는 이러한 비핵심 자산 처분이 GRO AHT 성과 개선 이니셔티브와 일치하며, 플랫폼의 레버리지를 축소하고 부채 상환 후 포트폴리오 현금흐름을 개선하는 데 도움이 된다고 밝혔습니다.
Ashford Hospitality Trust (NYSE: AHT) a finalisé la cession stratégique de deux actifs pour un total de 33 millions de dollars. Les transactions comprennent le Hilton Houston NASA Clear Lake pour 27 millions et le Residence Inn Evansville East pour 6 millions.
Le prix de vente combiné représente un taux de capitalisation de 1,3% sur le revenu net d'exploitation (ajusté des dépenses d'investissement prévues) ou un multiple de 45,3x de l'EBITDA hôtelier pour les douze mois clos le 31 juillet 2025. Sans ajustement pour les dépenses en capital, ces indicateurs sont respectivement de 2,0% et 28,1x.
La société indique que ces cessions d'actifs non stratégiques s'inscrivent dans son initiative GRO AHT d'amélioration des performances, contribuant à réduire l'effet de levier de la plateforme et à renforcer les flux de trésorerie du portefeuille après le service de la dette.
Ashford Hospitality Trust (NYSE: AHT) hat den strategischen Verkauf von zwei Immobilien im Gesamtwert von 33 Millionen US-Dollar abgeschlossen. Zu den Transaktionen gehören das Hilton Houston NASA Clear Lake für 27 Millionen und das Residence Inn Evansville East für 6 Millionen.
Der kombinierte Verkaufspreis entspricht einer 1,3% Kapitalisierungsrate auf das bereinigte Netto-Betriebsergebnis (unter Berücksichtigung geplanter Investitionsausgaben) bzw. einem 45,3-fachen Hotel-EBITDA-Multiplikator für die zwölf Monate zum 31. Juli 2025. Ohne Anpassung für Kapitalausgaben liegen diese Kennzahlen bei 2,0% bzw. 28,1x.
Das Unternehmen gibt an, dass diese Veräußerungen nicht zum Kerngeschäft gehörender Vermögenswerte mit der GRO AHT Performance-Verbesserungsinitiative übereinstimmen und dazu beitragen, die Verschuldung der Plattform zu reduzieren und den Cashflow des Portfolios nach Schuldendienst zu verbessern.
- Strategic sale of two non-core assets for combined $33 million
- Improved coverage metrics for MS 17 loan pool
- Enhanced portfolio cash flow after debt service
- Platform deleveraging through asset dispositions
- Low capitalization rate of 1.3% on the sales (adjusted for capital expenditures)
- Reduction in total property portfolio size
Insights
AHT's $33M hotel sales represent strategic deleveraging with low cap rates, suggesting properties required significant future investments.
Ashford Hospitality Trust has completed the strategic divestiture of two non-core hotel properties for a combined
These remarkably low cap rates (the standard for quality hotel assets typically ranges from
Management's reference to their "GRO AHT" performance initiative coupled with these strategic divestitures signals a dual approach to improving shareholder value - operational enhancements for retained properties while pruning underperforming assets that would drain capital resources. The explicit statement about pursuing "similar opportunistic sales" indicates this is part of a broader portfolio optimization strategy rather than an isolated transaction.
For investors, this represents a positive shift toward financial discipline and strategic focus on the company's core upper upscale, full-service hotel portfolio. The willingness to divest properties at seemingly unfavorable multiples demonstrates management's commitment to long-term portfolio health over short-term optics.
When adjusted for the Company's anticipated capital expenditures, the combined sale price represents a
"These transactions reflect our continued focus on creating shareholder value via multiple avenues," commented President and Chief Executive Officer Stephen Zsigray. "In addition to our GRO AHT effort aimed at driving increased performance, selling these two non-core assets has deleveraged the platform, improved the coverage metrics of our recently extended MS 17 loan pool, and increased portfolio cash flow after debt service. We anticipate pursuing similar opportunistic sales in the coming months."
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
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