ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY
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Ashford Hospitality Trust has refinanced its mortgage loan for the Marriott Crystal Gateway Hotel, securing a $121.5 million non-recourse loan with a three-year term and two one-year extension options.
November 07, 2024 | 1:15 pm
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Ashford Hospitality Trust has refinanced its mortgage loan for the Marriott Crystal Gateway Hotel, securing a $121.5 million non-recourse loan with a three-year term and two one-year extension options.
The refinancing of the mortgage loan improves Ashford Hospitality Trust's financial flexibility and reduces near-term refinancing risk, which is positive for the company's financial stability and could lead to a positive short-term impact on its stock price.
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