Ashford trust completes refinancing of mortgage loan for le pavillon hotel

Dallas , dec. 22, 2022 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") today announced that it has successfully refinanced its mortgage loan for the 226-room le pavillon hotel in new orleans, louisiana which had an initial maturity date of january 2023. the new, non-recourse loan totals $37.0 million, the same loan amount as the previous loan, and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions.
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