ASHFORD HOSPITALITY TRUST INC 8-K
Research Summary
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Ashford Hospitality Trust Completes Sale of Sheraton Mission Valley for $45.3M
What Happened
- On June 9, 2026, Ashford MV San Diego LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (AHT), completed the sale of the Sheraton Mission Valley in San Diego, CA to Hotel Circle Holdings LLC.
- The transaction was made pursuant to an Agreement of Purchase and Sale dated March 26, 2026 (as amended) and closed for approximately $45.3 million in cash, subject to customary prorations and adjustments.
Key Details
- Seller: Ashford MV San Diego LP (indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc.).
- Buyer: Hotel Circle Holdings LLC.
- Sale price: ~ $45.3 million in cash (closing occurred June 9, 2026).
- Filing: 8-K filed June 12, 2026; includes Exhibit 99.1—unaudited pro forma financial information for the three months ended March 31, 2026 and year ended December 31, 2025.
Why It Matters
- The sale removes the Sheraton Mission Valley from AHT’s portfolio and generates cash proceeds that will be reflected in the company’s pro forma financials (see Exhibit 99.1).
- Investors should review the attached unaudited pro forma information to understand the sale’s impact on reported results, liquidity and asset composition; final cash received may vary after customary adjustments.
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