Jonathan Jenkins

Michael Bellisario

- **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)