Brief: Ashford Hospitality Trust Announces Progress In Plan To Pay Off Strategic Financing With Agreement To Sell Hilton Boston Back Bay
29/02/2024 12:55
Feb 29 (Reuters) - Ashford Hospitality Trust Inc
AHT.N :
* ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO
PAY OFF
STRATEGIC FINANCING WITH AGREEMENT TO SELL THE HILTON BOSTON
BACK BAY
* ASHFORD HOSPITALITY TRUST - SIGNED DEFINITIVE AGREEMENT
TO SELL
THE 390-ROOM HILTON BOSTON BACK BAY IN BOSTON, MASSACHUSETTS FOR
$171 MILLION
* ASHFORD HOSPITALITY TRUST - EXPECTS NET PROCEEDS FROM SALE
TO BE
ABOUT $70 MILLION AFTER REPAYMENT OF UNDERLYING MORTGAGE DEBT
AND CLOSING COSTS
Source text for Eikon: ID:n0001232582-24-000023
Further company coverage: AHT.N
((Reuters.Briefs@thomsonreuters.com;))
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