AHT · Ashford Hospitality Trust, Inc.

Ashford Hospitality Trust, Inc. executed a strategic disposition of the Embassy Suites Dallas Near the Galleria, a 150-room hotel in Dallas, Texas, completing the sale on May 6, 2026. The transaction was governed by an Agreement of Purchase and Sale dated March 26, 2026, and resulted in net cash proceeds of approximately $16.6 million after deducting selling expenses and adjustments for hotel net working capital. Notably, the Company also repaid $16.0 million to the mortgage lender — a loan secured across ten hotels, indicating the disposition partially relieved cross-collateralized debt exposure. The unaudited pro forma financial statements reflect the removal of the hotel’s historical balance sheet and operations as of and for the year ended December 31, 2025, showing a $12.7 million reduction in total assets and a $15.4 million reduction in total liabilities. The hotel contributed $6.3 million in total revenue and incurred a $1.7 million operating loss during 2025, suggesting it was a modestly dilutive asset. A preliminary non-recurring gain of $4.3 million is reflected in the pro forma statement of operations, with no associated tax effect estimated for the period. Because the gain is labeled 'preliminary' and actual results may differ, investors should treat this figure as indicative rather than definitive. The disposition aligns with Ashford’s ongoing portfolio optimization strategy, reducing exposure to underperforming or non-core assets while improving balance sheet liquidity and debt metrics.