Ashford Hospitality Trust agrees to sell La Posada de Santa Fe and Hilton St. Petersburg Bayfront for $153.5 million

Reuters02-24 19:08

Ashford Hospitality Trust agrees to sell La Posada de <a href="https://laohu8.com/S/SFM.AU">Santa Fe</a> and Hilton St. Petersburg Bayfront for $153.5 million

Ashford Hospitality Trust said it has signed definitive agreements to sell two hotels and closed the sale of two others as part of its deleveraging strategy. The company agreed to sell the 157-room La Posada de Santa Fe Resort & Spa for $57.5 million and the 333-room Hilton St. Petersburg Bayfront for $96 million, with both transactions expected to close in March 2026. It also completed the previously announced sales of the Embassy Suites by Hilton Houston Near the Galleria and Embassy Suites by Hilton Austin Arboretum for $27 million in gross proceeds. Ashford said the four sales are expected to improve annual cash flow by more than $2 million and reduce future capital spending by $55.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ashford Hospitality Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001232582-26-000027), on February 24, 2026, and is solely responsible for the information contained therein.

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