Ashford Hospitality (NYSE: AHT) cuts debt cost in Nashville refi

Rhea-AI Filing Summary

Ashford Hospitality Trust, Inc. refinanced the mortgage loan on its 673-room Renaissance Hotel in Nashville, Tennessee. The new non-recourse loan has a balance of $218.1 million, a two-year term with three one-year extension options, and a final maturity in September 2030. It is interest-only and carries a floating interest rate of SOFR + 2.26%, compared with the prior $267.2 million loan at SOFR + 3.98%.

In connection with the refinancing, the preferred equity investment on the property was increased by $53.0 million, and the all-in rate of return on that preferred equity was reduced from 14% to 11.14%. The company disclosed these changes in a press release furnished as an exhibit.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): September 15, 2025

ASHFORD HOSPITALITY TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland

001-31775

86-1062192

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(IRS employer identification number)

14185 Dallas Parkway, Suite 1200

Dallas

Texas

75254

(Address of principal executive offices)

(Zip code)

Registrant’s telephone number, including area code: (972) 490-9600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

AHT

New York Stock Exchange

Preferred Stock, Series D

AHT-PD

New York Stock Exchange

Preferred Stock, Series F

AHT-PF

New York Stock Exchange

Preferred Stock, Series G

AHT-PG

New York Stock Exchange

Preferred Stock, Series H

AHT-PH

New York Stock Exchange

Preferred Stock, Series I

AHT-PI

New York Stock Exchange

ITEM 7.01    REGULATION FD DISCLOSURE.

On September 15, 2025, Ashford Hospitality Trust, Inc. (the “Company”) issued a press release announcing that it has closed on the refinancing of the mortgage loan for the 673-room Renaissance Hotel in Nashville, Tennessee.

The new, non-recourse loan has a balance of $218.1 million, and has a two-year term with three one-year extension options, subject to the satisfaction of certain conditions, with a final maturity date of September 2030. The loan is interest only and provides for a floating interest rate of SOFR + 2.26%. The previous loan totaled $267.2 million and provided a floating interest rate of SOFR + 3.98%.

In conjunction with the debt refinancing, the preferred equity investment on the property was upsized by $53.0 million, and the all-in rate of return on the preferred equity was reduced from 14% to 11.14%.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

(d)    Exhibits

Exhibit Number        Description

99.1    Press Release of the Company, dated September 15, 2025

104    Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			ASHFORD HOSPITALITY TRUST, INC.
Dated: September 15, 2025			By:			/s/ Deric S. Eubanks
						Deric S. Eubanks
						Chief Financial Officer

FAQ

What did Ashford Hospitality Trust (AHT) announce in this 8-K filing?

Ashford Hospitality Trust announced that it closed on a refinancing of the mortgage loan for the 673-room Renaissance Hotel in Nashville, Tennessee, and adjusted the related preferred equity investment.

What are the key terms of AHT’s new Nashville Renaissance Hotel loan?

The new non-recourse loan has a balance of $218.1 million, a two-year term with three one-year extension options, a final maturity in September 2030, is interest-only, and bears a floating rate of SOFR + 2.26%.

How does the new loan compare to the previous loan on the Nashville property?

The previous loan totaled $267.2 million and carried a higher floating interest rate of SOFR + 3.98%, compared with the new $218.1 million loan at SOFR + 2.26%.

What changes were made to the preferred equity investment related to the Nashville hotel?

The preferred equity investment was upsized by $53.0 million, and the all-in rate of return on the preferred equity was reduced from 14% to 11.14%.

Does this Ashford Hospitality Trust 8-K include the full press release?

The 8-K states that a copy of the press release dated September 15, 2025, describing the refinancing and preferred equity changes is furnished as Exhibit 99.1 and incorporated by reference.

Are the securities of Ashford Hospitality Trust and its preferred stock series exchange-listed?

The filing lists Ashford Hospitality Trust common stock and its Series D, F, G, H, and I preferred stock as registered on the New York Stock Exchange.