Ashford Hospitality Trust, Inc. Completes Sale of Le Pavillon Hotel

Ashford Hospitality Trust, Inc. (the “Company”) announced the completion of the sale of the 226-room Le Pavillon hotel in New Orleans, Louisiana, by its indirect subsidiary, Ashford Le Pavillon LP. The sale was executed on December 18, 2025, for $42.5 million in cash, subject to customary pro-rations and adjustments. Concurrently, the Company repaid the $37.0 million mortgage loan secured by the hotel. The filing includes unaudited pro forma financial information as of and for the nine months ended September 30, 2025, and for the year ended December 31, 2024, reflecting the removal of Le Pavillon's assets, liabilities, and results of operations. This pro forma information assumes the disposition occurred on September 30, 2025, for the balance sheet and January 1, 2024, for the statements of operations. The pro forma financial statements indicate a preliminary non-recurring gain associated with the disposition, with actual results potentially differing.