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Published on 3/11/2024 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Ashford Hospitality Trust progresses in deleveraging, debt paydowns

Chicago, March 11 – Ashford Hospitality Trust, Inc. sold a Residence Inn in Utah for $19.2 million in line with the company’s deleveraging plan, according to a press release.

Proceeds will be used to pay down debt.

Ashford is a Dallas-based real estate investment trust focused on luxury hotels.


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