Ashford hospitality trust announces progress in deleveraging plan with sale of the residence inn salt lake city

Dallas , march 11, 2024 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") today announced that it has closed on the sale of the 144-room residence inn located in salt lake city, utah (the "hotel") for $19.2 million.  when adjusted for the company's anticipated capital expenditures, the sale price represented a 4.6% capitalization rate on 2023 net operating income, or 18.2x 2023 hotel ebitda.
AHT Ratings Summary
AHT Quant Ranking