
Ashford Trust to Sell Three Key Hotel Assets
Key highlights
- Total expected proceeds: $69.5 million
- Annual cash flow improvement: Over $2 million
- Significant cap rate: 2.6% for Le Pavillon
- Future capital expenditure savings: $14.5 million
- Focus on debt reduction for liquidity
Source: PR Newswire
Notable Quote
“ Strategic asset sales will continue to play an important part in our plan to deleverage Ashford Trust while also improving cash flow and liquidity. ”
Stephen Zsigray, President and CEO at Ashford Trust
Why this matters
This strategic decision underscores Ashford Trust's commitment to financial health and stability during a challenging economic environment. By divesting properties, the company not only enhances liquidity but also prioritizes debt reduction, setting a foundation for future growth. This development is particularly significant for the real estate sector.
Expert Insights
Share Your Expert Insights
Have relevant experience or professional perspective? Add your thoughtful insights to this article.



