Ault Alliance Subsidiary Ault Global Real Estate Equities to List for Sale its 4 Recently Renovated Midwest Hotels for $100M
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance Inc. (NYSE:AULT) plans to list for sale its four recently renovated Midwest hotels through its subsidiary Ault Global Real Estate Equities, Inc. (AGREE). The properties will be sold through the national real estate brokerage firm, Hospitality Real Estate Counselors (HREC), for an estimated total of $100 million.
September 05, 2023 | 10:33 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ault Alliance Inc. is planning to sell four of its Midwest hotels for an estimated total of $100 million. This could potentially increase the company's liquidity and positively impact its financial performance.
The sale of these properties could potentially increase Ault Alliance's liquidity and positively impact its financial performance. However, the actual impact will depend on the final sale price and the company's use of the proceeds.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100