ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY
Ashford Hospitality Trust Inc (AHT)
Last ashford hospitality trust inc earnings: 2/25 04:15 pm
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US:NYSE Investor Relations:
ahtreit.com
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Source: PR Newswire
DALLAS, Nov. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has successfully refinanced its mortgage loan secured by the 703-room Marriott Crystal Gateway Hotel located in Arlington, Virginia, which had a final maturity date in November 2026. The new, non-recourse loan totals $121.5 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only and provides for a floating interest rate of SOFR + 4.86%. The refinancing resulted in approximately $31 million of excess proceeds that will be used to pay down the Company's strategic financing.The Company had previously announced a reduction in the exit fee on its strategic financing from 15.0% to 12.5% of the original loan balance through December 15, 2024, provided that the outstanding loan balance had been reduced to $50 million or less by November 15, 2024. The $31 m
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AHT
News
- ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LE PAVILLON NEW ORLEANS TO MARRIOTT'S TRIBUTE PORTFOLIOPR Newswire
- ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOANPR Newswire
- Ashford Hospitality Trust Inc (AHT) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Ashford Hospitality Trust, Inc. (NYSE: AHT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- ASHFORD HOSPITALITY TRUST ANNOUNCES AMENDMENT TO STRATEGIC FINANCING IN ANTICIPATION OF PAY OFFPR Newswire
AHT
Earnings
- 11/5/24 - Miss
AHT
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- AHT's page on the SEC website