Ashford Hospitality Trust reports $215M full-year net loss, $66.8M cash, outlines asset sales and dispositions
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Ashford Hospitality Trust reported a full-year net loss of $215 million, with a Q4 net loss of $78.3 million. The company completed six hotel sales generating approximately $145 million and has agreed to sell three additional hotels for $194.5 million. The portfolio consists of 68 hotels with 16,500 net rooms, and cash and cash equivalents total $66.8 million. Total loans amount to $2.6 billion at a 7.7% blended rate.
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