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Ashford Trust Completes Refinancing Of Two Mortgage Loans

Ashford Hospitality Trust Inc (AHT) 
Last ashford hospitality trust inc earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ahtreit.com
Company Research Source: PR Newswire
DALLAS, Feb. 24, 2020 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has successfully amended and extended its mortgage loan which is secured by the 140-room Hotel Indigo Atlanta in Atlanta, Georgia.  Additionally, the Company has also refinanced its mortgage loan for the 226-room Le Pavillon Hotel in New Orleans, Louisiana.The Hotel Indigo Atlanta loan had a final maturity in May 2022.  The amended $16.1 million loan has a three-year initial term with two, one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only during the initial term with 1% annual amortization payments during the extension periods.  The loan provides for a floating interest rate of LIBOR + 2.25%, with the remaining terms of the loan essentially identical to the previous loan.The Le Pavillon loan had a final maturity in June 2020.  The new, non-recourse loan totals $37 million and has a three-year Show less Read more
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