Jonathan Jenkins

Michael Bellisario

- Ashford Hospitality Trust, Inc. **completed the sale** of the **150-room Residence Inn Sorrento Mesa** in San Diego, California, on **October 15, 2025**.  **[1232582_0001232582-25-000153_ahtrisandiegodispoproformas.htm:0]** **[1232582_0001232582-25-000153_aht-20251015.htm:1]** 
- The total consideration for the sale was **$42 million in cash**, subject to customary pro-rations and adjustments.  **[1232582_0001232582-25-000153_aht-20251015.htm:1]** 
- Approximately **$41.3 million** of the proceeds was paid to the mortgage lender, with **90% allocated toward loan repayment** and 10% classified as restricted cash for loan reserves.  **[1232582_0001232582-25-000153_ahtrisandiegodispoproformas.htm:0]** 
- The 8-K filing includes **unaudited pro forma financial information** for the six months ended June 30, 2025, and the year ended December 31, 2024, reflecting the disposition.  **[1232582_0001232582-25-000153_ahtrisandiegodispoproformas.htm:0]** **[1232582_0001232582-25-000153_aht-20251015.htm:2]**

Ashford Hospitality Trust Completes Sale of Residence Inn San Diego

- Ashford Hospitality Trust **refinanced the mortgage loan** for its **673-room Renaissance Hotel in Nashville, Tennessee**.  **[1232582_20250915NY74143:0]** 
- The new non-recourse loan has a balance of **$218.1 million** with a floating interest rate of **SOFR + 2.26%**, replacing a previous loan of **$267.2 million** at **SOFR + 3.98%**.  **[1232582_20250915NY74143:0]** 
- The new loan has a **two-year term** with three one-year extension options, with a final maturity date of **September 2030**.  **[1232582_20250915NY74143:0]** 
- In conjunction with the refinancing, the preferred equity investment on the property was **upsized by $53.0 million**, and its all-in rate of return was reduced from **14% to 11.14%**.  **[1232582_20250915NY74143:0]** 
- This refinancing is expected to result in **millions of dollars in annual interest expense savings** for the company.  **[1232582_20250915NY74143:0]**

Ashford Hospitality Trust Refinances Mortgage Loan for Renaissance Nashville Hotel

- Ashford Hospitality Trust, Inc. (AHT) announced on **September 15, 2025**, the **refinancing of the mortgage loan** for the Renaissance Nashville Hotel.  **[1232582_0001232582-25-000144_ahtnashvillerefi9-25pr.htm:0]** **[1232582_0001232582-25-000144_aht-20250915.htm:1]** 
- The new non-recourse loan has a balance of **$218.1 million** with a floating interest rate of **SOFR + 2.26%**, replacing a previous loan of **$267.2 million** at **SOFR + 3.98%**.  **[1232582_0001232582-25-000144_ahtnashvillerefi9-25pr.htm:0]** **[1232582_0001232582-25-000144_aht-20250915.htm:1]** 
- This new loan has a **two-year term** with three one-year extension options, leading to a final maturity date of **September 2030**, and is expected to result in **millions of dollars in annual interest expense savings**.  **[1232582_0001232582-25-000144_ahtnashvillerefi9-25pr.htm:0]** **[1232582_0001232582-25-000144_aht-20250915.htm:1]** 
- In conjunction with the debt refinancing, the preferred equity investment on the property was **upsized by $53.0 million**, and its all-in rate of return was reduced from **14% to 11.14%**.  **[1232582_0001232582-25-000144_ahtnashvillerefi9-25pr.htm:0]** **[1232582_0001232582-25-000144_aht-20250915.htm:1]**

Ashford Hospitality Trust Refinances Nashville Hotel Mortgage Loan

- **Ashford Hospitality Trust (AHT)** has signed an agreement to sell its **150-room Residence Inn San Diego Sorrento Mesa** for **$42.0 million**, or **$280,000 per key**.  **[1232582_20250911CL71895:0]** 
- The sale is expected to be completed in **October 2025** and is part of the company's strategy to **opportunistically deleverage the portfolio** and create shareholder value.  **[1232582_20250911CL71895:0]** 
- When adjusted for **$16.0 million** in anticipated capital expenditures, the sale price represents a **5.7% capitalization rate** on net operating income or a multiple of **15.3 times Hotel EBITDA** for the twelve months ended July 31, 2025.  **[1232582_20250911CL71895:0]**

Ashford Hospitality Trust Announces Hotel Sale Agreement

- **Ashford Hospitality Trust** completed the sale of two non-core hotel assets, the **Hilton Houston NASA Clear Lake** and the **Residence Inn Evansville East**, for a combined total of **$33 million** on **August 25, 2025**.  **[1232582_20250825CL58678:0]** 
- The combined sale price, when adjusted for anticipated capital expenditures, represents a **1.3% capitalization rate** on net operating income or a multiple of **45.3 times Hotel EBITDA** for the twelve months ended July 31, 2025.  **[1232582_20250825CL58678:0]** 
- The company stated these transactions **deleveraged the platform**, **improved coverage metrics** of their MS 17 loan pool, and **increased portfolio cash flow** after debt service.  **[1232582_20250825CL58678:0]** 
- **Ashford Hospitality Trust** anticipates pursuing similar **opportunistic sales** in the coming months.  **[1232582_20250825CL58678:0]**

ASHFORD HOSPITALITY TRUST (AHT)