DALLAS, Texas—Ashford Hospitality Belief, Inc. introduced the completion of the sale of the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and the sale of the Residence Inn Evansville East in Evansville, Indiana, for $6 million.
When adjusted for the corporate’s anticipated capital expenditures, the mixed sale worth represents a 1.3 p.c capitalization price on internet working revenue or a a number of of 45.3 occasions Resort EBITDA for the twelve months ended July 31, 2025. Excluding the anticipated capital spend, the mixed sale worth represents a 2.0 p.c capitalization price on internet working revenue or a a number of of 28.1 occasions Resort EBITDA for the twelve months ended July 31, 2025.
“These transactions mirror our continued deal with creating shareholder worth by way of a number of avenues,” commented President and Chief Govt Officer Stephen Zsigray. “Along with our GRO AHT effort geared toward driving elevated efficiency, promoting these two non-core belongings has deleveraged the platform, improved the protection metrics of our lately prolonged MS 17 mortgage pool, and elevated portfolio money stream after debt service. We anticipate pursuing comparable opportunistic gross sales within the coming months.”
