ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY THE HOTEL INDIGO ATLANTA MIDTOWN
Ashford Hospitality Trust (NYSE: AHT) has successfully extended its mortgage loan for the Hotel Indigo Atlanta Midtown, a 141-room property in Atlanta, Georgia. The loan, with a current balance of $12.3 million, has been extended from its original December 2024 maturity to February 2026, with an additional one-year extension option available until February 2027, subject to certain conditions.
The loan maintains its floating interest rate of SOFR + 2.85%. This extension represents a significant debt management milestone for the REIT, which specializes in investing predominantly in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) ha esteso con successo il suo prestito ipotecario per l'Hotel Indigo Atlanta Midtown, una struttura di 141 camere ad Atlanta, Georgia. Il prestito, con un saldo attuale di 12,3 milioni di dollari, è stato prorogato dalla scadenza originale di dicembre 2024 a febbraio 2026, con un'opzione di estensione aggiuntiva di un anno disponibile fino a febbraio 2027, soggetta a determinate condizioni.
Il prestito mantiene il suo tasso d'interesse variabile di SOFR + 2,85%. Questa estensione rappresenta un'importante pietra miliare nella gestione del debito per il REIT, che si specializza nell'investimento prevalentemente in hotel di fascia alta e servizi completi.
Ashford Hospitality Trust (NYSE: AHT) ha logrado extender con éxito su préstamo hipotecario para el Hotel Indigo Atlanta Midtown, un establecimiento de 141 habitaciones en Atlanta, Georgia. El préstamo, con un saldo actual de 12,3 millones de dólares, se ha extendido desde su vencimiento original en diciembre de 2024 hasta febrero de 2026, con una opción adicional de prórroga de un año disponible hasta febrero de 2027, sujeta a ciertas condiciones.
El préstamo mantiene su tasa de interés variable de SOFR + 2,85%. Esta extensión representa un hito importante en la gestión de la deuda para el REIT, que se especializa en invertir predominantemente en hoteles de lujo y de servicio completo.
Ashford Hospitality Trust (NYSE: AHT)는 조지아주 애틀랜타에 위치한 141개의 객실을 갖춘 Hotel Indigo Atlanta Midtown의 담보 대출을 성공적으로 연장했습니다. 현재 잔액이 1,230만 달러인 이 대출은 원래 2024년 12월 만기에서 2026년 2월로 연장되었으며, 특정 조건에 따라 2027년 2월까지 추가 1년 연장 옵션이 제공됩니다.
대출은 SOFR + 2.85%의 변동 금리를 유지합니다. 이번 연장은 주로 고급 서비스 호텔에 투자하는 REIT의 부채 관리에 있어 중요한 이정표를 나타냅니다.
Ashford Hospitality Trust (NYSE: AHT) a réussi à prolonger son prêt hypothécaire pour l'Hotel Indigo Atlanta Midtown, un établissement de 141 chambres situé à Atlanta, en Géorgie. Le prêt, avec un solde actuel de 12,3 millions de dollars, a été prolongé de son échéance initiale de décembre 2024 à février 2026, avec une option de prolongation supplémentaire d'un an disponible jusqu'en février 2027, sous certaines conditions.
Le prêt maintient son taux d'intérêt variable de SOFR + 2,85%. Cette prolongation représente une étape importante dans la gestion de la dette pour le REIT, qui se spécialise dans l'investissement principalement dans des hôtels haut de gamme et de services complets.
Ashford Hospitality Trust (NYSE: AHT) hat erfolgreich sein Hypothekendarlehen für das Hotel Indigo Atlanta Midtown, ein 141-Zimmer-Hotel in Atlanta, Georgia, verlängert. Das Darlehen, mit einem aktuellen Saldo von 12,3 Millionen Dollar, wurde von der ursprünglichen Fälligkeit im Dezember 2024 auf Februar 2026 verlängert, mit einer zusätzlichen einjährigen Verlängerungsoption bis Februar 2027, vorbehaltlich bestimmter Bedingungen.
Das Darlehen behält seinen variablen Zinssatz von SOFR + 2,85% bei. Diese Verlängerung stellt einen wichtigen Meilenstein im Schuldenmanagement für den REIT dar, der sich auf Investitionen in überwiegend gehobene, vollservice Hotels spezialisiert hat.
- Successful extension of $12.3M mortgage loan maturity by 14 months
- Additional 12-month extension option available until 2027
- Maintained same interest rate terms (SOFR + 2.85%)
- Floating rate exposure remains, creating potential interest rate risk
Insights
Ashford Hospitality Trust's successful extension of its
The extension shifts the maturity horizon from December 2024 to February 2026, with a potential further extension to 2027. This buys AHT critical breathing room in a challenging financing environment for hotel REITs, where securing new debt often comes with significantly higher costs. By maintaining the existing SOFR +
For investors, this extension offers several key implications:
- It demonstrates lender confidence in both the property and AHT's management
- It reduces near-term refinancing risk that could have pressured the company's liquidity
- It maintains exposure to interest rate fluctuations through the floating rate structure, which could be beneficial if rates decline as expected
The Hotel Indigo property represents one piece of AHT's predominantly upper upscale, full-service hotel portfolio. While this single extension doesn't resolve all of AHT's financial challenges, it follows the industry pattern of lenders preferring extensions over foreclosures on performing hotel assets. For a REIT of AHT's size, each successful debt renegotiation substantially improves its financial flexibility and operational runway.
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: Our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business.. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.
FAQ
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