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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

The sale price represented a 6.0 percent capitalization rate on trailing 12-month net operating income through March 2024. All the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing.

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Sunstone Hotel Investors Completes Sale of Hilton New Orleans St. Charles

Lodging

Charles for a gross sale price of $47 million, or approximately $187,000 per key. The sale price represents a 10.1x multiple on 2024 Hotel Adjusted EBITDAre and an 8.7 percent cap rate on 2024 Hotel Net Operating Income.