Ashford to Sell Courtyard Boston Downtown to Deleverage Portfolio
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Ashford Hospitality Trust is selling the Courtyard Boston Downtown for $123 million as part of its strategy to reduce debt and optimize its hotel portfolio.
December 05, 2024 | 5:00 pm
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Ashford Hospitality Trust is selling the Courtyard Boston Downtown for $123 million to reduce debt and optimize its hotel portfolio.
The sale of Courtyard Boston Downtown for $123 million is a strategic move by Ashford Hospitality Trust to reduce its debt and optimize its portfolio. This is likely to have a positive impact on the company's financial health and stock price in the short term.
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