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Get filing alertsAshford Trust sells Austin hotel for $26.9M, pays down $25.7M mortgage debt
Filed June 23, 2026 · Period ending June 18, 2026 · ~1 min read
Key Changes
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Sold 254-room Hilton Garden Inn Austin Downtown for $26.85 million cash to JMIR Acquisitions on June 18, 2026, following agreement signed April 30, 2026.
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR → -
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Used approximately $25.7 million of sale proceeds to pay down mortgage debt secured by 17 hotels including the sold property.
Exhibit 99.1 view on EDGAR →
Summary
Ashford Hospitality Trust completed a straightforward asset sale, disposing of its 254-room Hilton Garden Inn in downtown Austin for $26.85 million in cash. The transaction closed June 18, 2026, and the company immediately applied $25.7 million of the proceeds to pay down mortgage debt that had been secured by a pool of 17 hotels including the sold property.
This leaves the company with modest net cash after the deleveraging. For retail holders, this is a routine portfolio management move. The sale price and debt paydown are both small relative to Ashford Trust's total asset base, and the company retains its other properties. The transaction modestly reduces leverage and simplifies the capital structure by removing one asset from a multi-property mortgage pool. No operational or strategic concerns emerge from the filing.
Section-by-Section Diff
Event · Exhibit 99.1
Show 1 minor / wording change
Added in current filing · view on EDGAR →
On June 18, 2026, Ashford Hospitality Trust, Inc. (“Ashford Trust” or the “Company”) completed the sale of the 254-room Hilton Garden Inn Austin Downtown located in Austin, Texas (“HGI Austin”) for total consideration of approximately $26.4 million in cash, net of selling expenses. Additionally, the Company paid approximately $25.7 million to the mortgage lender.
Ashford Trust sold a 254-room hotel in Austin for approximately $26.4 million cash after selling expenses and used approximately $25.7 million to pay down a mortgage loan secured by 17 hotels including the sold property. The transaction closed June 18, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 23, 2026 · How we verify