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Get filing alertsAshford Hospitality completes $45.3M sale of San Diego Sheraton hotel
Filed June 12, 2026 · Period ending June 9, 2026 · ~1 min read
Key Changes
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Sold Sheraton Mission Valley in San Diego for approximately $45.3 million cash on June 9, 2026, following purchase agreement signed in March 2026.
Item 8.01 view on EDGAR → -
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Transaction completed by indirect wholly owned subsidiary Ashford MV San Diego LP with buyer Hotel Circle Holdings LLC, subject to customary adjustments.
Item 8.01 view on EDGAR →
Summary
Ashford Hospitality Trust completed the sale of its Sheraton Mission Valley hotel property in San Diego for approximately $45.3 million in cash. The transaction, which closed on June 9, 2026, was executed through the company's indirect subsidiary and follows a purchase agreement originally signed three months earlier in March. For shareholders, this asset sale represents portfolio optimization and generates liquidity.
The $45.3 million proceeds could be used for debt reduction, reinvestment in higher-performing properties, or other capital allocation priorities. Watch for management's commentary in the next earnings call about how these proceeds will be deployed and whether additional asset sales are planned as part of a broader portfolio strategy.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 12, 2026 · How we verify