Ashford Hospitality Trust Provides Updates on Multiple Hotel Transactions
💰 Ashford Hospitality Trust plans to sell La Posada de Santa Fe Resort & Spa (157 rooms) for $57.5 million and Hilton St. Petersburg Bayfront (333 rooms) for $96 million, with both deals closing in March 2026. It recently sold two Embassy Suites hotels, totaling 300 rooms, for $27 million. These four sales will enhance cash flow by over $2 million annually and save $55.5 million in capital expenditures.
Share
