Ashford Hospitality Trust (AHT) completes $42.5M sale of Le Pavillon hotel

Rhea-AI Filing Summary

Ashford Hospitality Trust, Inc. completed the sale of the 226-room Le Pavillon hotel in New Orleans, Louisiana, through its indirect subsidiary Ashford Le Pavillon LP. The hotel was sold to 833 Poydras St. Prime Property, LLC for $42.5 million in cash, subject to customary prorations and adjustments. The company also provided unaudited pro forma financial information for the nine months ended September 30, 2025 and for the year ended December 31, 2024 to show how this disposition would have affected its historical financial results.

Insights

Real estate and REIT transactions analyst

Ashford Hospitality Trust sells New Orleans hotel for $42.5M.

Ashford Hospitality Trust, via its indirect subsidiary Ashford Le Pavillon LP, has sold the 226-room Le Pavillon hotel in New Orleans for $42.5 million in cash. This represents a completed disposition of a single hotel asset, moving it off the company’s balance sheet and converting it into cash proceeds.

The transaction is documented as a standard asset sale with customary prorations and adjustments, which typically relate to items such as taxes, utilities, and operating revenues and expenses around the closing date. The buyer is 833 Poydras St. Prime Property, LLC, indicating a third-party ownership transition rather than an internal restructuring.

The company has prepared unaudited pro forma financial information for the nine months ended September 30, 2025 and the year ended December 31, 2024 to illustrate how its financial statements would have looked assuming this sale occurred earlier. Subsequent filings containing this pro forma detail will help clarify how the loss of the Le Pavillon hotel affects revenue, expenses, and overall portfolio metrics.

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.

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): December 18, 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 2.01    COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

On December 18, 2025, Ashford Le Pavillon LP, an indirect subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the 226-room Le Pavillon hotel located in New Orleans, Louisiana (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of November 17, 2025, by and between Ashford Le Pavillon LP, as seller, and 833 Poydras St. Prime Property, LLC, as purchaser, for $42.5 million in cash, subject to customary pro-rations and adjustments.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

(b) Pro Forma Financial Information. The unaudited pro forma financial information for the Company as of and for the nine months ended September 30, 2025 and the year ended December 31, 2024, 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.

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: December 23, 2025			By:			/s/ Deric S. Eubanks
						Deric S. Eubanks
						Chief Financial Officer

FAQ

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

Ashford Hospitality Trust, through its indirect subsidiary Ashford Le Pavillon LP, sold the 226-room Le Pavillon hotel located in New Orleans, Louisiana.

How much did Ashford Hospitality Trust (AHT) receive for the Le Pavillon hotel?

The Le Pavillon hotel was sold to 833 Poydras St. Prime Property, LLC for $42.5 million in cash, subject to customary prorations and adjustments.

When was the Le Pavillon hotel sale by Ashford Hospitality Trust (AHT) completed?

The sale of the Le Pavillon hotel was completed on December 18, 2025.

Who bought the Le Pavillon hotel from Ashford Hospitality Trust (AHT)?

The purchaser of the 226-room Le Pavillon hotel was 833 Poydras St. Prime Property, LLC.

What financial information did Ashford Hospitality Trust (AHT) provide related to this sale?

The company attached unaudited pro forma financial information as Exhibit 99.1, covering its results as of and for the nine months ended September 30, 2025 and for the year ended December 31, 2024.

Which subsidiaries and securities are associated with Ashford Hospitality Trust (AHT) in this filing?

The filing identifies Ashford Le Pavillon LP as the selling subsidiary and lists several classes of stock, including Common Stock (AHT) and multiple series of Preferred Stock (Series D, F, G, H, and I) traded on the New York Stock Exchange.