Ashford Hospitality Trust Completes Sale of Embassy Suites Dulles Airport
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Ashford Hospitality Trust Completes Sale of Embassy Suites Dulles Airport
What Happened
Ashford Hospitality Trust, through its indirect wholly owned subsidiary Ashford Dulles LP, announced completion of the sale of the Embassy Suites Dulles Airport hotel in Herndon, Virginia. The sale closed on August 24, 2026 to Woodland Park Road LLC for approximately $22.8 million in cash, pursuant to an Agreement of Purchase and Sale dated July 24, 2026. The cash proceeds are subject to customary proration and adjustments.
Key Details
- Seller: Ashford Dulles LP (indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc.).
- Buyer: Woodland Park Road LLC.
- Purchase price: ~ $22.8 million in cash; Agreement dated July 24, 2026; closing on August 24, 2026.
- The filing includes unaudited pro forma financial information (Exhibit 99.1) showing the effects as of and for the six months ended June 30, 2026 and the year ended December 31, 2025.
Why It Matters
This is a disposition of a hotel asset from Ashford Hospitality Trust’s portfolio; the sale will remove the property’s operating results from future consolidated results and the cash proceeds will be reflected in the company’s financial position. The attached unaudited pro forma financial information shows how the transaction affects the company’s results for the stated periods. Investors should note proceeds are subject to customary adjustments, which can alter net cash received.