Ashford Hospitality Trust Completes $37.75M Sale of Lakeway Resort and Spa

Ashford Hospitality Trust, Inc. completed the sale of the Lakeway Resort and Spa in Austin, Texas for $37.75 million in cash on May 19, 2026. The 168-room hotel was sold to Trestle Studio LLC through an indirect subsidiary, Ashford Lakeway LP. The company received approximately $37.2 million net of selling expenses and paid approximately $36.3 million to the mortgage lender. The filing includes unaudited pro forma financial information showing the impact of the disposition as if it occurred on March 31, 2026 for the balance sheet and January 1, 2025 for operations. The pro forma statements reflect the removal of Lakeway's assets, liabilities, and operations, including a non-recurring gain from the sale. The transaction reduces total assets by approximately $23.3 million and includes adjustments for cash received and mortgage repayment.