Ashford Hospitality Trust Signs Definitive Deal To Sell The 193-Room One Ocean Resort In Atlantic Beach, Florida For $87M ($451,000 Per Key)
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust has signed a definitive deal to sell the 193-room One Ocean Resort in Atlantic Beach, Florida for $87 million and has closed on the sale of the 90-room Courtyard in Manchester, Connecticut for $8 million.
June 03, 2024 | 9:17 pm
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Ashford Hospitality Trust has signed a definitive deal to sell the 193-room One Ocean Resort in Atlantic Beach, Florida for $87 million and has closed on the sale of the 90-room Courtyard in Manchester, Connecticut for $8 million.
The sale of these properties will likely improve Ashford Hospitality Trust's liquidity and financial position, which is positive for the stock in the short term.
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