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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 The sale price represented a 6.0 percent capitalization rate on trailing 12-month net operating income through March 2024. DALLAS, Texas—Ashford Hospitality Trust, Inc. million ($95,300 per key).

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

Lodging

ALISO VIEJO, California—Sunstone Hotel Investors, Inc. announced that it has completed the sale of the 252-room Hilton New Orleans St. 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