ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN
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Ashford Hospitality Trust has entered a 90-day forbearance period for its Morgan Stanley Pool loan, which was due on November 9, 2024. This affects 17 hotels under the loan.
November 12, 2024 | 1:15 pm
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Ashford Hospitality Trust has negotiated a 90-day forbearance on its Morgan Stanley Pool loan, affecting 17 hotels. This provides temporary relief from immediate financial obligations.
The forbearance provides Ashford Hospitality Trust with temporary relief from its financial obligations, which could stabilize its financial situation in the short term. However, it does not resolve the underlying debt issue, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100