$Ashford Hospitality Trust (AHT.US)$ NEWS ASHFORD HOSPITALIT...
NEWS
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
Ashford Hospitality Trust, Inc. (NYSE: AHT) has successfully closed the sale of the Hilton Boston Back Bay for $171 million, utilizing the proceeds for debt reduction. The Company paid down approximately $68 million of its strategic financing, leaving a remaining balance of $112 million. Ashford Trust plans to continue making regular paydowns with proceeds from asset sales, aiming to reduce debt further. The Company remains optimistic about its ongoing asset sales and looks forward to providing more updates.
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