
Ashford Hospitality Trust Sells Three Hotels for $69.5 Million

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Ashford Hospitality Trust Inc. announced the sale of three hotel assets for $69.5 million to improve cash flow and liquidity. The hotels sold are Le Pavillon in New Orleans, Embassy Suites by Hilton Austin Arboretum, and Embassy Suites by Hilton Houston Near the Galleria. This move is part of the company's strategy to deleverage.
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