Ashford Hospitality Secures Loan Forbearance for 17 Hotels

Ashford Hospitality ( (AHT) ) just unveiled an update.

Ashford Hospitality Trust has secured a 90-day forbearance period on its Morgan Stanley Pool loan, backed by 17 hotels, as it negotiates a multi-year extension. Despite challenges, Ashford is actively working on refinancing and strategic financing reduction, aiming to enhance asset value for shareholders.

See more insights into AHT stock on TipRanks’ Stock Analysis page.