Ashford hospitality trust announces progress in plan to pay off strategic financing with closing of sale of the hilton boston back bay

Dallas , april 10, 2024 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") today announced that it has closed on the sale of the 390-room hilton boston back bay in boston, massachusetts for $171 million ($438,000 per key).  all of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the company's strategic financing.
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