How did the Lakeway sale change AHT’s loss per share numbers?

For 2025, basic and diluted loss per share improve from $35.99 to $33.16 on a pro forma basis. For the three months ended March 31, 2026, basic and diluted loss per share improve from $11.03 to $10.90, reflecting Lakeway’s removal and transaction-related gain and tax effects.

Ashford Hospitality Trust (NYSE: AHT) sells Lakeway Resort, trims debt

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Ashford Hospitality Trust has sold the 168-room Lakeway Resort and Spa in Austin, Texas, removing this hotel from its portfolio and updating its financials on a pro forma basis. An indirect subsidiary completed the sale for $37.75 million in cash, with total consideration of approximately $37.2 million net of selling expenses and working capital. The company used about $36.3 million of the proceeds to repay a mortgage loan secured by 16 hotels, modestly reducing indebtedness. Pro forma statements show the 2025 net loss attributable to common stockholders improving from $215.0 million to $198.1 million and basic loss per share improving from $35.99 to $33.16. For the three months ended March 31, 2026, the pro forma basic loss per share improves from $11.03 to $10.90, reflecting the non-recurring gain on the sale and removal of Lakeway’s operations.

Insights

Hotel sale reduces debt slightly and narrows reported losses via a one-time gain.

Ashford Hospitality Trust sold the Lakeway Resort and Spa for approximately $37.2 million in net cash proceeds and applied about $36.3 million to repay a mortgage loan secured by 16 hotels. This trims consolidated indebtedness, though total liabilities remain above $3.0 billion.

The unaudited pro forma 2025 results remove Lakeway’s revenue and expenses while adding an estimated non-recurring gain of $15.3 million. Net loss attributable to the company improves from $179.8 million to $162.9 million, and loss per share narrows, but performance is still deeply negative.

For the three months ended March 31, 2026, pro forma net loss attributable to common stockholders improves from $71.1 million to $70.2 million. Future filings may refine the preliminary gain figures and show how ongoing operations perform without Lakeway.

8-K Event Classification

2 items: 2.01, 9.01

2 items

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 9.01 Financial Statements and Exhibits Exhibits

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

Key Figures

Gross sale price of Lakeway Resort: $37.75 million cash Net cash consideration from sale: $37.2 million Debt repaid with sale proceeds: $36.3 million +5 more

8 metrics

Gross sale price of Lakeway Resort $37.75 million cash Agreement of Purchase and Sale dated February 10, 2026

Net cash consideration from sale $37.2 million Total consideration net of selling expenses and working capital

Debt repaid with sale proceeds $36.3 million Payment to mortgage lender secured by 16 hotels including Lakeway

2025 net loss attributable to company (historical) $179.8 million Year ended December 31, 2025, before pro forma adjustments

2025 net loss attributable to company (pro forma) $162.9 million Year ended December 31, 2025, after Lakeway disposition adjustments

2025 basic loss per share (historical) $35.99 Net loss per basic share before disposition

2025 basic loss per share (pro forma) $33.16 Net loss per basic share after Lakeway disposition

Q1 2026 basic loss per share (pro forma) $10.90 Three months ended March 31, 2026 after removing Lakeway

Key Terms

unaudited pro forma financial information, Assets held for sale, non-recurring gain, impairment charges, +2 more

6 terms

unaudited pro forma financial information financial

"The unaudited pro forma financial information for the Company as of and for the three months ended March 31, 2026 and for the year ended December 31, 2025"

Assets held for sale financial

"Assets held for sale | 55,779 ... 22,656 ... 33,123"

Assets held for sale are things a company has decided to sell and has reclassified on its balance sheet to show they are being marketed rather than used in daily operations — like putting a house on the market instead of living in it. This matters to investors because these items are measured based on expected sale proceeds (which can reveal likely gains or losses), stop being treated as regular operating assets, and signal upcoming cash inflows or a change in strategy that can affect the company’s financial health and stock value.

non-recurring gain financial

"which contains a non-recurring gain associated with the disposition of the hotel property"

impairment charges financial

"Impairment charges | 67,648 | | | —"

Impairment charges are one-time accounting write-downs taken when a company decides an asset — like a factory, brand, patent, or investment — is worth less than it was recorded for. Like marking down the price of a damaged item on a store shelf, they reduce reported profits and the asset’s book value; investors watch them because they can signal lasting business problems or change future earnings and balance-sheet strength.

redeemable noncontrolling interests in operating partnership financial

"Net (income) loss attributable to redeemable noncontrolling interests in operating partnership"

Gain (loss) on extinguishment of debt financial

"Gain (loss) on extinguishment of debt | 335"

Understanding 8-K Material Events →

05/22/2026 - 04:20 PM

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): May 19, 2026

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

Preferred Stock Repurchase Rights

New York Stock Exchange

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

On May 19, 2026, Ashford Lakeway LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Lakeway Resort and Spa located in Austin, Texas pursuant to an Agreement of Purchase and Sale, dated as of February 10, 2026, as reinstated and amended by that certain Reinstatement and First Amendment to Agreement of Purchase and Sale, dated as of March 18, 2026, by and between Ashford Lakeway LP, as seller, and Trestle Studio LLC, as purchaser, for $37.75 million in cash, subject to customary pro-rations and adjustments.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(b) The unaudited pro forma financial information for the Company as of and for the three months ended March 31, 2026 and for the year ended December 31, 2025, is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

(d) Exhibits

Exhibit Number Description

99.1 Unaudited Pro Forma Financial Information of Ashford Hospitality Trust, Inc.

101 Inline Interactive Data Files.

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: May 22, 2026	By:	/s/ Justin Coe
		Justin Coe
		Chief Accounting Officer

EXHIBIT 99.1

On May 19, 2026, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 168-room Lakeway Resort and Spa located in Austin, Texas (“Lakeway”) for total consideration of approximately $37.2 million in cash, net of selling expenses. Additionally, the Company paid approximately $36.3 million to the mortgage lender. The mortgage loan is secured by 16 hotels including Lakeway.

The following unaudited pro forma financial information of the Company, as of and for the three months ended March 31, 2026, and for the year ended December 31, 2025, has been prepared for informational purposes only and does not purport to be indicative of what would have resulted had the disposition occurred on the date indicated or what may result in the future. The unaudited pro forma consolidated balance sheet assumes the disposition closed on March 31, 2026. The unaudited pro forma consolidated statements of operations for the year ended December 31, 2025, and the three months ended March 31, 2026, assumes the disposition closed on January 1, 2025. The unaudited pro forma financial information of the Company reflects the removal of the assets and liabilities of Lakeway and its results of operations, which contains a non-recurring gain associated with the disposition of the hotel property. The pro forma gain and the related tax effects resulting from the disposition of Lakeway are preliminary. Therefore, the actual results may differ from the amounts reflected in the pro forma financial statements. There are no other non-recurring items associated with the transaction.

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

March 31, 2026

(in thousands, except share and per share amounts)


	Ashford Trust Consolidated Historical (A)		Lakeway (B)		Adjustments			Ashford Trust Consolidated Pro Forma
ASSETS
Investments in hotel properties, gross ($82,787 attributable to VIEs)	$	2,617,922	$	—	$	—		$	2,617,922
Accumulated depreciation ($(6,594) attributable to VIEs)	(810,924)		—		—			(810,924)
Investments in hotel properties, net ($76,193 attributable to VIEs)	1,806,998		—		—			1,806,998
Contract asset	335,979		—		—			335,979
Cash and cash equivalents ($1,011 attributable to VIEs)	78,042		—		37,238		(C) (i)	77,436
					(1,534)		(C) (i)
					(36,310)		(C) (ii)
Restricted cash ($4,203 attributable to VIEs)	141,203		—		—			141,203

Accounts receivable ($170 attributable to VIEs), net of allowance of $435	43,426		—		—			43,426
Inventories ($34 attributable to VIEs)	3,106		—		—			3,106
Notes receivable, net	12,486		—		—			12,486


Investments in unconsolidated entities	7,063		—		—			7,063


Deferred costs, net ($79 attributable to VIEs)	1,210		—		—			1,210

Derivative assets	1,212		—		—			1,212
Operating lease right-of-use assets	41,035		—		—			41,035
Prepaid expenses and other assets ($153 attributable to VIEs)	53,235		—		—			53,235




Due from third-party hotel managers	24,535		—		—			24,535
Assets held for sale	55,779		22,656		—			33,123
Total assets	$	2,605,309	$	22,656	$	(606)		$	2,582,047
LIABILITIES AND EQUITY/DEFICIT
Liabilities:
Indebtedness, net ($15,910 attributable to VIEs)	$	2,287,163	$	—	$	(3,308)	(C) (ii)	$	2,283,855
Debt associated with hotels in receivership	252,000		—		—			252,000
Finance lease liability	17,417		—		—			17,417

Accounts payable and accrued expenses ($15,427 attributable to VIEs)	140,837		—		—			140,837
Accrued interest payable ($151 attributable to VIEs)	31,787		—		—			31,787
Accrued interest associated with hotels in receivership	83,979		—		—			83,979
Dividends and distributions payable	4,247		—		—			4,247

Due to Ashford Inc., net	65,638		—		—			65,638

Due to related parties, net ($3,517 attributable to VIEs)	12,319		—		—			12,319
Due to third-party hotel managers	1,306		—		—			1,306

Operating lease liabilities	44,042		—		—			44,042

Other liabilities ($28,919 attributable to VIEs)	36,695		—		—			36,695
Liabilities related to assets held for sale	66,613		34,555		—			32,058
Total liabilities	3,044,043		34,555		(3,308)			3,006,180
Commitments and contingencies
Redeemable noncontrolling interests in operating partnership	19,945		—		—			19,945
Series J Redeemable Preferred Stock, $0.01 par value, 7,684,197 shares issued and outstanding at March 31, 2026	183,655		—		—			183,655
Series K Redeemable Preferred Stock, $0.01 par value, 731,102 shares issued and outstanding at March 31, 2026	18,591		—		—			18,591
Series L Redeemable Preferred Stock, $0.01 par value, 238,191 shares issued and outstanding at March 31, 2026	5,547		—		—			5,547
Series M Redeemable Preferred Stock, $0.01 par value, 550,888 shares issued and outstanding at March 31, 2026	13,831		—		—			13,831
Equity (deficit):
Preferred stock, $0.01 par value, 55,000,000 shares authorized:
Series D Cumulative Preferred Stock, 1,111,127 shares issued and outstanding at March 31, 2026	11		—		—			11
Series F Cumulative Preferred Stock, 1,037,044 shares issued and outstanding at March 31, 2026	10		—		—			10
Series G Cumulative Preferred Stock, 1,470,948 shares issued and outstanding at March 31, 2026	15		—		—			15
Series H Cumulative Preferred Stock, 1,037,956 shares issued and outstanding at March 31, 2026	10		—		—			10
Series I Cumulative Preferred Stock, 1,034,303 shares issued and outstanding at March 31, 2026	11		—		—			11
Common stock, $0.01 par value, 395,000,000 shares authorized, 6,476,491 shares issued and outstanding at March 31, 2026	65		—		—			65
Additional paid-in capital	2,402,044		(11,899)		21,898		(C) (i)	2,402,044
					(1,534)		(C) (i)
					(32,263)		(C) (ii)
Accumulated deficit	(3,097,325)		—		15,340		(C) (i)	(3,082,724)
					(739)		(C) (ii)
Total stockholders’ equity (deficit) of the Company	(695,159)		(11,899)		2,702			(680,558)
Noncontrolling interest in consolidated entities	14,856		—		—			14,856
Total equity (deficit)	(680,303)		(11,899)		2,702			(665,702)
Total liabilities and equity/deficit	$	2,605,309	$	22,656	$	(606)		$	2,582,047

See accompanying notes.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

(A)Represents the historical consolidated balance sheet of Ashford Trust as of March 31, 2026, as reported in its Quarterly Report on Form 10-Q, filed on May 14, 2026.

(B)Represents the removal of the historical balance sheet of Lakeway as of March 31, 2026.

(C)Represents adjustments for Ashford Trust’s disposition of Lakeway as of March 31, 2026, which includes: (i) an adjustment for the cash consideration received of approximately $37.2 million, net of selling expenses and cash paid for hotel net working capital and (ii) the cash paid to repay the mortgage loan partially secured by Lakeway.

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

Year Ended December 31, 2025

(in thousands, except per share amounts)


	Ashford Trust Consolidated Historical (A)		Lakeway (B)		Adjustments			Ashford Trust Consolidated Pro Forma
REVENUE
Rooms	$	825,623	$	6,371	$	—		$	819,252
Food and beverage	207,588		5,217		—			202,371
Other hotel revenue	69,643		1,971		—			67,672
Total hotel revenue	1,102,854		13,559		—			1,089,295
Other	1,534		—		—			1,534
Total revenue	1,104,388		13,559		—			1,090,829
EXPENSES
Hotel operating expenses:
Rooms	198,106		1,763		—			196,343
Food and beverage	139,828		3,363		—			136,465
Other expenses	392,070		5,058		—			387,012
Management fees	38,264		400		—			37,864
Total hotel expenses	768,268		10,584		—			757,684
Property taxes, insurance and other	59,793		480		—			59,313
Depreciation and amortization	141,295		1,550		—			139,745

Impairment charges	67,648		—		—			67,648

Advisory services fee	49,039		—		—			49,039
Corporate, general and administrative	20,783		—		—			20,783
Total operating expenses	1,106,826		12,614		—			1,094,212
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties	79,799		—		15,340		(C) (i)	95,139
Gain (loss) on derecognition of assets	39,054		—		—			39,054
OPERATING INCOME (LOSS)	116,415		945		15,340			130,810
Equity in earnings (loss) of unconsolidated entities	(325)		—		—			(325)
Interest income	4,739		—		—			4,739

Interest expense and amortization of discounts and loan costs	(256,229)		(3,375)		—			(252,854)
Interest expense associated with hotels in receivership	(39,038)		—		—			(39,038)
Write-off of premiums, loan costs and exit fees	(8,853)		(135)		(739)		(C) (ii)	(9,457)
Gain (loss) on extinguishment of debt	335		—		—			335

Realized and unrealized gain (loss) on derivatives	(5,346)		—		—			(5,346)
INCOME (LOSS) BEFORE INCOME TAXES	(188,302)		(2,565)		14,601			(171,136)
Income tax (expense) benefit	143		—		—			143




NET INCOME (LOSS)	(188,159)		(2,565)		14,601			(170,993)
(Income) loss attributable to noncontrolling interest in consolidated entities	5,058		—		—			5,058
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	3,262		—		(245)		(C) (iv)	3,017
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(179,839)		(2,565)		14,356			(162,918)
Preferred dividends	(28,216)		—		—			(28,216)
Deemed dividends on redeemable preferred stock	(6,949)		—		—			(6,949)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	(215,004)	$	(2,565)	$	14,356		$	(198,083)
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders	$	(35.99)						$	(33.16)
Weighted average common shares outstanding—basic	5,974							5,974
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders	$	(35.99)						$	(33.16)
Weighted average common shares outstanding—diluted	5,974							5,974

See accompanying notes.

ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

Three Months Ended March 31, 2026

(in thousands, except per share amounts)


	Ashford Trust Consolidated Historical (A)		Lakeway (B)		Adjustments			Ashford Trust Consolidated Pro Forma
REVENUE
Rooms	$	200,025	$	1,276	$	—		$	198,749
Food and beverage	51,570		1,203		—			50,367
Other hotel revenue	15,983		377		—			15,606
Total hotel revenue	267,578		2,856		—			264,722
Other	154		—		—			154
Total revenue	267,732		2,856		—			264,876
EXPENSES
Hotel operating expenses:
Rooms	46,190		349		—			45,841
Food and beverage	34,383		799		—			33,584
Other expenses	91,273		1,107		—			90,166
Management fees	9,284		83		—			9,201
Total hotel expenses	181,130		2,338		—			178,792
Property taxes, insurance and other	14,894		169		—			14,725
Depreciation and amortization	32,006		324		—			31,682

Impairment charges	112,649		—		—			112,649

Advisory services fee	20,023		—		—			20,023
Corporate, general and administrative	1,602		—		—			1,602
Total operating expenses	362,304		2,831		—			359,473
Gain (loss) on disposition of assets and hotel properties	100,030		—		—			100,030
Gain (loss) on derecognition of assets	7,790		—		—			7,790
OPERATING INCOME (LOSS)	13,248		25		—			13,223
Equity in earnings (loss) of unconsolidated entities	(202)		—		—			(202)
Interest income	922		—		—			922
Other income (expense)	3,223		—		—			3,223
Interest expense and amortization of discounts and loan costs	(73,554)		(873)		—			(72,681)
Interest expense associated with hotels in receivership	(7,820)		—		—			(7,820)
Write-off of premiums, loan costs and exit fees	(1,254)		—		—			(1,254)
Gain (loss) on extinguishment of debt	(25)		—		—			(25)

Realized and unrealized gain (loss) on derivatives	757		—		—			757
INCOME (LOSS) BEFORE INCOME TAXES	(64,705)		(848)		—			(63,857)
Income tax (expense) benefit	(752)		—		13		(C) (iii)	(739)




NET INCOME (LOSS)	(65,457)		(848)		13			(64,596)
(Income) loss attributable to noncontrolling interest in consolidated entities	655		—		—			655
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	1,030		—		(12)		(C) (iv)	1,018
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(63,772)		(848)		1			(62,923)
Preferred dividends	(2,714)		—		—			(2,714)
Deemed dividends on redeemable preferred stock	(4,600)		—		—			(4,600)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	(71,086)	$	(848)	$	1		$	(70,237)
INCOME (LOSS) PER SHARE - BASIC:
Income (loss) attributable to common stockholders	$	(11.03)						$	(10.90)
Weighted average common shares outstanding—basic	6,442							6,442
INCOME (LOSS) PER SHARE - DILUTED:
Income (loss) attributable to common stockholders	$	(11.03)						$	(10.90)
Weighted average common shares outstanding—diluted	6,442							6,442

See accompanying notes.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(A)Represents the historical consolidated statement of operations of Ashford Trust for the year ended December 31, 2025, as reported in its Annual Report on Form 10-K for the year ended December 31, 2025, filed on March 23, 2026 and the historical consolidated statement of operations of Ashford Trust for the three months ended March 31, 2026, as reported in its Quarterly Report on Form 10-Q for the three months ended March 31, 2026, filed on May 14, 2026.

(B)Represents the removal of the historical consolidated statements of operations of Lakeway for the year ended December 31, 2025 and the three months ended March 31, 2026.

(C)Represents adjustments for the Company’s sale of Lakeway, which includes: (i) the estimated non-recurring gain on the disposition of Lakeway for the year ended December 31, 2025; (ii) an adjustment for write off of loan costs; (iii) an adjustment for the estimated tax effect of the hotel no longer being part of the consolidated group for the three months ended March 31, 2026; and (iv) the net (income) loss allocated to redeemable noncontrolling interests in operating partnership related to the disposition of Lakeway, including the estimated non-recurring gain for the year ended December 31, 2025, based on an ownership percentage of 1.43% for the year ended December 31, 2025 and 1.43% for the three months ended March 31, 2026. There was no material estimated tax effect of the hotel no longer being part of the consolidated group for the year ended December 31, 2025. The pro forma gain resulting from the disposition of Lakeway is preliminary. The actual results may differ from the amounts reflected in the pro forma financial statements.

Source: View Original Filing on SEC EDGAR

FAQ

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

Ashford Hospitality Trust sold the 168-room Lakeway Resort and Spa in Austin, Texas. The sale was completed through its subsidiary Ashford Lakeway LP and removes Lakeway’s assets, liabilities, and operating results from the company’s pro forma financial statements.

How much did Ashford Hospitality Trust (AHT) receive from the Lakeway sale?

The company received total consideration of approximately $37.2 million in cash, net of selling expenses and hotel working capital. The purchase and sale agreement referenced a gross cash price of $37.75 million, subject to customary prorations and adjustments at closing.

How did the Lakeway sale affect Ashford Hospitality Trust’s (AHT) debt?

Ashford Hospitality Trust paid approximately $36.3 million to the mortgage lender using the Lakeway sale proceeds. The mortgage loan was secured by 16 hotels including Lakeway, so this payment partially reduces the associated indebtedness on the company’s pro forma balance sheet.

What is the pro forma impact on AHT’s 2025 net income from the Lakeway sale?

For 2025, pro forma net loss attributable to the company improves from $179.8 million to $162.9 million. This reflects removal of Lakeway’s operations and an estimated non-recurring gain of $15.3 million on the disposition, along with related adjustments disclosed in the notes.

Are the gain and tax effects from the Lakeway sale final for Ashford Hospitality Trust (AHT)?

No, the company states the pro forma gain and related tax effects from the Lakeway disposition are preliminary. Actual results from the completed transaction may differ from the amounts shown in the unaudited pro forma financial statements included as Exhibit 99.1.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 315.0 KB

Ashford Hospitality Trust (NYSE: AHT) sells Lakeway Resort, trims debt

Rhea-AI Filing Summary

Positive

Negative