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Get filing alertsAshford Hospitality Trust sells Silversmith Hotel Chicago for $15.9M, retains $0.9M after debt paydown
Filed June 4, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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Sold 144-room Silversmith Hotel Chicago for $15.9M cash (net of selling expenses) on June 1, 2026, pursuant to April 8 purchase agreement
Item 2.01 verify on EDGAR → -
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Applied $15.0M of proceeds to mortgage lender, retaining approximately $0.9M net cash from the transaction
Exhibit 99.1 view on EDGAR →
Summary
Ashford Hospitality Trust completed the sale of the 144-room Silversmith Hotel Chicago Downtown on June 1, 2026, for $15.9 million in cash after selling expenses. The company applied $15.0 million of the proceeds to pay down a mortgage loan secured by 18 hotels including the Silversmith, retaining approximately $0.9 million in net cash. This is a small portfolio pruning transaction with minimal financial impact.
The $0.9 million net retention after debt paydown represents a de minimis amount relative to AHT's enterprise value. The sale reduces the company's Chicago exposure and modestly deleverages one mortgage facility, but does not materially alter the capital structure or operating profile.
Section-by-Section Diff
Event · Exhibit 99.1
Show 1 minor / wording change
Added in current filing · view on EDGAR →
On June 1, 2026, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 144-room Silversmith Hotel Chicago Downtown located in Chicago, Illinois (“Silversmith Chicago”) for total consideration of approximately $15.9 million in cash, net of selling expenses. Additionally, the Company paid approximately $15.0 million to the mortgage lender.
Ashford Trust sold the 144-room Silversmith Hotel Chicago for approximately $15.9 million in cash after selling expenses. The company used approximately $15.0 million to pay down a mortgage loan secured by 18 hotels including Silversmith Chicago. The net cash retained from the transaction was approximately $0.9 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 12, 2026 · How we verify