ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO SELL THE COURTYARD BOSTON DOWNTOWN
Portfolio Pulse from
Ashford Hospitality Trust, Inc. (NYSE: AHT) has announced an agreement to sell the Courtyard Boston Downtown for $123 million. The sale is expected to close in January 2025, pending normal closing conditions.
December 04, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ashford Hospitality Trust has agreed to sell the Courtyard Boston Downtown for $123 million, which could positively impact its financial position and stock price.
The sale of a major asset like the Courtyard Boston Downtown for $123 million can improve Ashford Hospitality Trust's liquidity and financial flexibility. This transaction is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100