Ashford Hospitality ( (AHT) ) has provided an update.
On February 12, 2025, Ashford Hospitality Trust, Inc. announced it has closed a $580 million refinancing deal secured by 16 hotels. This refinancing replaces previous loans totaling approximately $438.7 million and offers a two-year term with potential extensions and a floating interest rate. The company utilized $72 million of the excess proceeds to pay off existing strategic financing and allocated the remainder for transaction costs and future capital expenditures, thereby addressing pending loan maturities and eliminating corporate-level debt.
More about Ashford Hospitality
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
YTD Price Performance: 0.94%
Average Trading Volume: 46,096
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $39.7M
For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.