Ashford Hospitality Trust Has Closed On The Sale Of Springhill Suites And The Fairfield Inn Located In Kennesaw, Georgia For $17.5M
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Ashford Hospitality Trust (NYSE:AHT) has sold two hotels in Kennesaw, Georgia for $17.5 million. The sale will help pay down a $10.8 million mortgage loan and fund general corporate purposes.
June 13, 2024 | 12:09 pm
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Ashford Hospitality Trust has sold two hotels in Kennesaw, Georgia for $17.5 million. The sale will help pay down a $10.8 million mortgage loan and fund general corporate purposes.
The sale of the hotels will provide Ashford Hospitality Trust with liquidity to pay down debt and fund other corporate needs, which is generally positive for the company's financial health.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100