US EditionASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY 17 HOTELS
- Ashford Trust, on April 14, 2025, declared an extension to its mortgage loan.
- The original maturity was set for November 2024, necessitating the extension.
- This loan, secured by 17 hotels, now has an initial maturity in March 2026.
- The $409.8 million loan continues with interest at a floating rate of SOFR + 3.39%.
- The extension provides more asset release flexibility and potentially pushes final maturity to March 2028.
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31 Articles
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ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY 17 HOTELS
DALLAS, April 14, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has successfully extended its Morgan Stanley Pool mortgage loan secured by 17 hotels. The loan had an original final…
ASHFORD HOSPITALITY TRUST ANNOUNCES EXTENSION OF MORTGAGE LOAN SECURED BY 17 HOTELS - Ashford Hospitality Trust (NYSE:AHT)
DALLAS, April 14, 2025 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it has successfully extended its Morgan Stanley Pool mortgage loan secured by 17 hotels. The loan had an original final maturity date in November of 2024. The extension provides for an initial maturity in March of 2026 and two, one-year extension options, subject to the satisfaction of certain conditions, with…
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