ASHFORD HOSPITALITY TRUST INC 8-K

What Happened
Ashford Hospitality Trust, Inc. (AHT) reported on Form 8-K that its indirect wholly owned subsidiary, New Indianapolis Downtown Hotel Limited Partnership, completed the sale of the Sheraton Indianapolis City Centre Hotel in Indianapolis, Indiana on May 21, 2026. The sale was made to Keystone Realty Group LLC under an Agreement of Purchase and Sale dated December 5, 2025 (as amended). The gross purchase price was approximately $32.1 million in cash, subject to purchaser credits, customary pro-rations and adjustments.

Key Details

• Property sold: Sheraton Indianapolis City Centre Hotel (Indianapolis, IN).
• Closing date: May 21, 2026; original purchase agreement dated December 5, 2025 (as amended).
• Purchase price: ~$32.1 million gross in cash, subject to purchaser credits of ~ $15.2 million and customary adjustments.
• Buyer: Keystone Realty Group LLC; seller entities: New Indianapolis Downtown Hotel LP and Ashford TRS Lessee II LLC.
• The company attached unaudited pro forma financial information reflecting the sale as Exhibit 99.1 to the 8-K.

Why It Matters
The sale reduces Ashford Hospitality Trust’s hotel portfolio and converts a physical asset into cash proceeds that will affect the company’s balance sheet and operating results. Because the gross proceeds are reduced by substantial purchaser credits (~$15.2M) and adjustments, investors should look to the company’s pro forma financial information and subsequent reports for the net cash impact and any effect on future revenue and earnings.