Ashford Hospitality Trust (AHT) said Tuesday it has sold its 315-room Courtyard Boston Downtown for $123 million.
"This sale not only deleverages our BAML Highland Pool loan, but also results in significant capital expenditure savings going forward," said Chief Executive Officer
Stephen Zsigray.
The company's shares were up more than 8% in recent trading.
Price: 9.40, Change: +0.73, Percent Change: +8.40
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.