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Ashford Hospitality Sells Hilton St. Petersburg Bayfront Hotel

Story Highlights
  • Ashford Hospitality Trust sold the 333-room Hilton St. Petersburg Bayfront on March 5, 2026, for about $95.3 million in cash.
  • The company used roughly $94.7 million of proceeds to repay a multi-hotel mortgage, reducing assets and debt while recording a non-recurring gain.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ashford Hospitality Sells Hilton St. Petersburg Bayfront Hotel

Meet Samuel – Your Personal Investing Prophet

Ashford Hospitality ( (AHT) ) has shared an update.

On March 5, 2026, Ashford Hospitality Trust completed the sale of the 333-room Hilton St. Petersburg Bayfront in St. Petersburg, Florida, for approximately $95.3 million in cash, net of selling expenses. The transaction followed a December 12, 2025 purchase and sale agreement and resulted in the removal of the hotel’s assets, liabilities, and operating results from Ashford’s financials.

Ashford used roughly $94.7 million of the proceeds to pay down a mortgage loan secured by a 12-hotel portfolio, and the pro forma financials reflect a non-recurring gain tied to the disposition. The deal modestly reduces the company’s total assets and debt exposure while simplifying its balance sheet and may slightly improve leverage metrics for stakeholders evaluating Ashford’s capital structure.

The most recent analyst rating on (AHT) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Spark’s Take on AHT Stock

According to Spark, TipRanks’ AI Analyst, AHT is a Neutral.

The score is driven primarily by weak financial performance, especially negative equity/high leverage and sustained losses, which outweigh improving free cash flow. Technicals are modestly positive in the short term (price above 20/50-day averages and positive MACD), but valuation remains challenged due to negative earnings and no dividend yield data.

To see Spark’s full report on AHT stock, click here.

More about Ashford Hospitality

Ashford Hospitality Trust, Inc. is a lodging real estate investment trust that owns a portfolio of hotel properties, often operated under major brands such as Hilton. The company focuses on investing in upscale and upper-upscale hotels across key U.S. markets, using active asset management and selective dispositions to manage leverage and optimize its capital structure.

Average Trading Volume: 72,253

Technical Sentiment Signal: Sell

Current Market Cap: $20.92M

See more data about AHT stock on TipRanks’ Stock Analysis page.

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