Ashford Hospitality Trust Completes Sale of Sheraton Indianapolis

Ashford Hospitality Trust, Inc. announced the completion of the sale of the Sheraton Indianapolis City Centre Hotel for a gross purchase price of approximately $32.1 million in cash. The sale, facilitated through its indirect wholly owned subsidiary New Indianapolis Downtown Hotel Limited Partnership, was executed on May 21, 2026. The net cash consideration after accounting for customary pro-rations, adjustments, and purchaser credits amounted to approximately $16.5 million. Additionally, the company utilized a portion of the proceeds to pay down approximately $14.6 million of a mortgage loan secured by nine hotels, including the disposed property. The filing also includes unaudited pro forma financial information reflecting the disposition's impact on the company's balance sheet as of March 31, 2026, and its statements of operations for the three months ended March 31, 2026, and the year ended December 31, 2025. This pro forma information, while illustrative, indicates a preliminary non-recurring loss associated with the transaction, subject to potential adjustments.