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Get filing alertsAshford Hospitality sells Jacksonville hotel for $11M, pays down mortgage
Filed June 16, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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Sold 119-room Hilton Garden Inn Jacksonville for $11.0M net cash and paid $9.5M to mortgage lender, leaving minimal net proceeds from the transaction.
Item 2.01 verify on EDGAR →
Summary
Ashford Hospitality Trust completed the sale of a single hotel asset in Jacksonville, Florida on June 11, 2026. The 119-room Hilton Garden Inn Jacksonville - Deerwood Park sold for $11.0 million in cash after selling expenses, with $9.5 million immediately paid to the mortgage lender that held a loan secured by eight properties including this hotel. The transaction leaves the company with approximately $1.5 million in net proceeds.
This is a routine asset disposition for a REIT managing a portfolio of hotel properties. The sale represents a small fraction of Ashford's holdings and appears to be part of normal portfolio management rather than a distressed sale or strategic shift. The modest net proceeds after debt paydown suggest this was primarily a deleveraging transaction rather than a capital-raising event.
Section-by-Section Diff
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
AHT sold a Jacksonville hotel for $11.3 million cash.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 11, 2026, Ashford Jacksonville I LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Hilton Garden Inn Jacksonville - Deerwood Park located in Jacksonville, Florida pursuant to an Agreement of Purchase and Sale, dated as of April 16, 2026, by and between Ashford Jacksonville I LP, as seller, and Maco Properties, L.L.C., as purchaser, for $11.3 million in cash, subject to customary pro-rations and adjustments.
The Company sold the Hilton Garden Inn Jacksonville - Deerwood Park to Maco Properties for $11.3 million in cash. The transaction closed on June 11, 2026, following an agreement signed in April 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify