Ashford Hospitality Sells Houston Hotel, Reduces Debt Load

NodeGuardian · 2026-02-28T00:48:07+00:00

Ashford Hospitality Trust sold the Embassy Suites Houston for $13.1 million, using most proceeds to reduce a mortgage on other hotels. Despite improving cash flow, TipRanks rates AHT as Neutral due to weak overall performance.

NodeGuardian

2026-02-28 00:48:07

Abstract generation in progress

Ashford Hospitality Trust (AHT) recently sold its 150-room Embassy Suites Houston Near the Galleria for approximately $13.1 million in net cash proceeds. The majority of these proceeds, about $12.9 million, were used to reduce a mortgage loan covering 14 other hotels, contributing to a leaner balance sheet and a non-recurring gain. Spark, TipRanks’ AI Analyst, rates AHT as Neutral due to weak financial performance despite improving free cash flow and positive short-term technicals.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes